– Sectors – Renewable Energy

September 26, 2024

GLJ Solar Weekly – What Does Yesterday’s US Energy Information Administration (“EIA”) Solar Installation Update Mean for the US Solar Market in 2024E, How is US Solar Demand Trending in Aug./Sep., & Did SMA Solar Really Say That?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 2-3), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

September 18, 2024

GLJ Solar Weekly – California Solar Initiative “Data Dump” for 2Q24 & Jul. ’24 + U.S. Energy Information Administration (“EIA”) YTD Installs/Prices + Is Lower-Margin Battery Demand Displacing Demand for Inverters Due to NEM 3.0?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate, segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China for mono-grade…

August 29, 2024

GLJ Solar Weekly – May ’24 California Solar Initiative “Data Dump” + Takeaways from “Fireside Chat” w/ Large US Solar Parts Distributor, & Is California About to Hit NEM 1.0 & 2.0 Customers w/ Retroactive Net Metering Cuts?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 14-15), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

August 1, 2024

2Q24 Review: Sunnova’s Very Existence Appears to be a Byproduct of its Willingness to (More) Aggressively Inflate the Value of Its Systems in Order to Collect U.S. Tax Credits (This is Not a Real/Sustainable Biz Model)

By Gordon L. Johnson II

Sunnova is in Big Trouble, No Matter What its “Fictional” Non-GAAP Adj.-EBITDA Says (a number so devoid of actual expenses, it more closely resembles revenue – i.e., in 2Q24, Sunnova’s non-GAAP adj.-EBITDA came in at…

July 12, 2024

GLJ Solar Weekly – U.S. Module Prices Collapsed this Week; &, Are the 2H24E Solar Bulls Missing a “Big Trouble in Little Europe” Set-Up Into Q2 Earnings?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 3-4), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

July 3, 2024

GLJ Solar Weekly – April ’24 California Solar Initiative “Data Dump” + Update on European Solar Markets (i.e., Germany + Italy + U.K. + Spain + Netherlands + France)

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 23-24), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…

May 31, 2024

What Do Our Checks Suggest Around: (a) the Idea Solar Demand Will Benefit from a Surge in “AI” Powered Demand, (b) the Idea that China’s Xi Jinping will Force Chinese Solar Capacity Offline, & (c) the Idea that Section 45X Solar Production Tax Credits (“PTCs”) are Safe in a Trump Administration?

By Gordon L. Johnson II

Solar Stocks have Staged a Sharp Rally Over the Past Several Weeks… Mainly… on: (1) Two Wall Street-Manufactured Hype Stories, as well as (2) an Assumption, Mainly by FSLR Bulls, that the Production Tax Credits…

May 30, 2024

GLJ Solar Weekly – Despite Recent Calls that “AI” Will Drive Sig. Solar Demand, Looking at the Mar. ’24 California Solar Initiative “Data Dump”, Solar Demand in the Real World Continues to Be Lackluster

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex.16-17), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China for…

April 26, 2024

GLJ Solar Weekly – Does the Feb. ’24 California Solar Initiative “Data Dump” + Our Recent Fireside Chat w/ the Largest Solar Distributor in the US = Spell Big(ger) Problems for the MLPE Inverter Vendors?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex.13-14), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China for…

April 11, 2024

GLJ Solar Weekly – Does the Jan. ’24 California Solar Initiative “Data Dump” Suggest Things are About to go from Bad to Worse for SEDG/ENPH? And, Update on German/U.K./Italian Solar Installs YTD

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 1-2), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

March 4, 2024

GLJ Solar Weekly – Does our Recent Fire Side Chat w/ the Largest Distributors of Solar Products in N. America & Our One-on-One Conversation w/ a Large On-the-Ground Chinese Solar Investor Suggest “Light at the End of the Tunnel” for Solar Bulls?

By Gordon L. Johnson II

February 8, 2024

GLJ Solar Weekly – Dec. California Solar Initiative (“CSI”) Data Dump (i.e., Inverter, Storage, Installer, Battery, & Module Market Share Thru Nov.) Shows Weak US Solar Demand May be Structural; & Update on German/U.K. Solar Installations

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 1-15), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…

January 25, 2024

GLJ Solar Weekly – Fireside Chat w/ Leading U.S. Solar Parts Distribution Company and Large Chinese Solar Market Investor Provides Insights into SolarEdge’s/Enphase’s & Solar Industry’s 2024E Outlook

By Gordon L. Johnson II

January 19, 2024

GLJ Solar Weekly – November ’23 Census Bureau Data Dump Shows Stubbornly High Solar Module Imports into the US, Implying Demand Bottlenecks in Europe & China in Q4

By Gordon L. Johnson II

January 4, 2024

GLJ Solar Weekly – Nov. California Solar Initiative (“CSI”) Data Dump (i.e., Inverter, Storage, Installer, Battery, & Module Market Share Thru Nov.) Shows Collapsing US Solar Installs, Yet Provides Continued “Glimmer of Light” for PV Battery Space, & Update on 2023 European Solar Installs

By Gordon L. Johnson II