– Sectors – Renewable Energy

December 15, 2023

Are the Solar Asset Backed Security (“ABS”) Bonds Issued by the Likes of Sunnova/Sunrun/SunPower the Second-Coming of the Solar YieldCo Ponzi Schemes that Bankrupted Solar Bellwether SunEdison?

By Gordon L. Johnson II

Are Solar ABS Bonds the “Second Coming” of the Solar YieldCo Ponzi Schemes that Effectively Bankrupted SunEdison? SunEdison, the once high-flying solar company seen by many as the solar “savior” of the industry (i.e., it…

December 10, 2023

GLJ Solar Weekly – California Solar Initiative (“CSI”) Data Dump (i.e., Inverter, Storage, Installer, Battery, & Module Market Share Thru Oct.) Paints “Grim” Picture for SEDG/ENPH, Yet Provides “Glimmer of Light” for PV Battery Space, & Update on German, UK, & Italian Monthly Solar Installs

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. Last week, price changes in China…

November 16, 2023

GLJ Solar Weekly – Is the Next “Nasty” Leg Lower for Sunrun/Sunnova/Sunpower Imminent, is Jinko Solar’s Stock Being “Talked” Higher Right Ahead of Insider Selling, & Fireside Chat w/ China Solar Market Expert(s) on State of EU Solar Inventory

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, below we detail PV pricing data by substrate (Ex. 15-16), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in…

November 3, 2023

GLJ Solar Weekly – California Solar Initiative (“CSI”) Data Dump (i.e., Inverter, Storage, Installer, Battery, & Module Market Share Thru Sep.) Reveals “Shocking” Share Shifts; & Fireside Chat w/ China Solar Market Expert Sheds Light on What to Expect in the World’s Largest Market for Solar Demand N-Term

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 12-13), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…

October 16, 2023

GLJ Solar Weekly – Both U.S. Energy Information Administration (“EIA”) & Census Bureau Data Show U.S. Cell/Module Imports on the Rise; What’s this Mean for ASPs & Q3 Cell Vendor Revs/EPS?

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 4-5), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…

September 28, 2023

GLJ Solar Weekly – US Solar Installations are Collapsing + US Solar Cell/Module Imports are Surging = Pending “Nightmare Before Christmas” for US Cell & Module Prices

By Gordon L. Johnson II

September 25, 2023

GLJ Solar Weekly – Does the Recently Updated California Solar Initiative Data Dump Show SolarEdge is in “Big” Trouble, Fireside Chat w/ US Solar Distribution Bellwether (is the “Solar Bear Market” about to Die?), & Does Aug. German Solar Installation Data Suggest Q3 Will “Frighten” the Solar Bulls?

By Gordon L. Johnson II

September 12, 2023

GLJ Solar Weekly – Update From Solar Power International Conference in Vegas: Day 1

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. Last week, price changes in China…

August 30, 2023

GLJ Solar Weekly – Fireside Chats w/ Large U.S. Distributor & Leading Chinese Inverter Supplier Shed Light on What to Expect Headed into Q3 Earnings for SEDG/ENPH/JKS/CSIQ/RUN/etc.

By Gordon L. Johnson II

August 22, 2023

GLJ Solar Weekly – California Solar Initiative June Data Dump Shows Collapse in Battery Attach Rates Balanced by “Explosion” in Installs; Yet, Subdued Q3 Guide from CSIQ/SEDG/ENPH Suggests July Data Could Disappoint

By Gordon L. Johnson II

August 10, 2023

GLJ Solar Weekly – Fireside Chat(s) w/ Head of Sales for a Large U.S. Solar Parts Distributor (i.e., are ENPH and SEDG Facing an “Existential” Event?) and a Large Chinese Solar Investment Fund Based in Hong Kong (i.e., is the EU Solar Market Faring Worse than U.S. Investors Realize?)

By Gordon L. Johnson II

August 7, 2023

GLJ Solar Weekly – Fireside Chat w/ Head of Sales for Large Global Inverter Player & Our Take on the Sudden Departure of Sunrun’s Chief Accounting Officer Following Earnings

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 7-8), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in…

July 27, 2023

Is Sunnova Copying the Silicon Valley Bank (“SVB”) Business Model of Borrowing Short at a Higher Rate than it’s Lending Long, Meaning “Catastrophe” is Only a Matter of Time?

By Gordon L. Johnson II

The Fundamental Question Sunnova Investors Must Ask the Company/Themselves is Simple: “Why Does it Appear Sunnova is Copying the Failed Silicon Valley Bank (“SVB”) Business Model”. While we get into NOVA’s dismal results in the…

July 6, 2023

GLJ Solar Weekly – California Solar Initiative Apr/May Data Dump Shows Collapse in Battery Installs/Attach Rates & Sharp Fall in Solar Installs; Are Solar Bulls Underestimating the Negative Effects from NEM 3.0 & Collapse in Nat. Gas Prices

By Gordon L. Johnson II

June 6, 2023

GLJ Solar Weekly Musings – California Solar Initiative (“CSI”) Data Dump Provides Insights into Current State of U.S. Solar Demand & Update on 2023E China Solar Demand

By Gordon L. Johnson II

Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 11-12), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…