Sea Of Green, 950 Below. Yesterday was not a great day for stocks, market closing down 950 points and the VIX reaching near April levels. Except for solar companies trading in the public markets. At the start of the day Generac joined Enphase and First Solar to publish their Q3 earnings since the close on the previous day. The positive numbers, beating estimates and highlighting growth ahead which pushed almost every solar stock upward.
Beyond Stock Prices. Stock valuations are not everything but they do tell a story about sentiment and future growth analysis. This positive view on the ability to perform is a signal that the market is demanding more opportunities to invest. More importantly, it means that more private companies are going to reach for the markets for exits or liquidity event. Over the next few months you’ll see acquisitions by private equity, SPACs and new IPO announcements. Not all deals will be met with positive commentary, at least on this platform, but they are becoming increasingly obvious. If you’re involved in any of those transactions, feel free to give me the heads up.
Earnings Slides. Generac, Sunnova, SunPower
Today’s Earnings.
Another Public Tracker. Following the ridiculous performance in and following the Array Technologies IPO, Soltec went public in the Spanish stock exchange. According to estimates by Wood Mackenzie, Soltec is a top 3 supplier of tracking equipment in the European market alongside the US based competitor Nextracker, which until now remains a subsidiary of Flextronics (reporting later today).
Watch This. Bloomberg is putting $2.6million behind a railroad commission race in Texas which oversees the oil and gas sectors amongst other things. This is how solar should think about regulatory races.
The Buyer’s Group Grows. We’re into our second month at the Buyer’s Group and we’ve added another top supplier to the product portfolio. REC modules are now available at an amazing pre-negotiated rate for buyer’s group members. Both Alpha and N-Peak products are on the list. You can get some price discovery for REC or other products on our members page.
- Greentech Media: SunPower Bounces Back from COVID-19 Austerity
- Reuters: Soltec shares jump 11% in debut on Spanish stock market
- PV-Magazine: Leader of Swinerton Renewable Energy speaks on construction, solar projects and warfare logistics
- Solar Power World: 4 million solar projects designed with Aurora Solar software
- PV-Tech: Solar installs to reach 115GWdc in 2020 as robust recovery continues: WoodMac
- Grist: Why is Michael Bloomberg giving $2.6 million to elect a railroad commissioner in Texas?
- Rocky Mountain Institute: Wind and Solar – The New Cash Crops
- Utility Dive: Election 2020 – For DOE, staffing, renewables spending, transparency at stake Nov. 3, analysts say
- Axios: The global investment slump
Opinion
Best, Yann
The post This is your SolarWakeup for October 29th, 2020 appeared first on SolarWakeup.com.
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