Analyst Group Says Solar Buys Are Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Stock To Watch

 In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: ENPH, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: BEP, NYSE: CHPT, NYSE: GM, NYSE: NEE, NYSE: SPRQ, NYSEMKT: TAN, OTC PINK: SIRC

Motley Fool says solar sector stocks are trailing conventional fossil fuel energy listings, but points to a number of solar stocks as buys: Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR). Solar Integrated Roofing Corp. (OTC PINK: SIRC) is a stock to watch in the renewable energy space.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM),  Enphase Energy (NASDAQ: ENPH), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Analyst Group Says Solar Buys Are Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Stock To Watch

Motley Fool cites the performance of the Invest Solar group, which was one of the best performing industries in 2020. That fund (NYSEMKT: TAN) rose more than 233% that year while the conventional energy sector fell 36%. Analyst Group Says Solar Buys Are Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Stock To Watch.

Then headwinds changed and all that reversed.  Last year, the solar ETF dropped 31% and fossil fuel stocks rose 66%. Why?

YTD in 2022 energy continues to be best performing sector of stocks. Solar has great long-term prospects, but headwinds — some legislation issues which Impact tax credits for installations — is causing some sluggishness.

Another are the closely watch net-metering issues in California and Florida. Pro-solar forces are scratching their heads over why public utilities giveth and taketh away incentives from solar system homeowners.

Brookfield Renewable (NYSE: BEP) is one of the largest renewable energy producers. It has enoughh potential acquisitions of more renewable producers to potentially triple its own size. Analyst Group Says Solar Buys Are Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Stock To Watch.

NextEra Energy (NYSE: NEE) this is a income producing clean energy stock with a regular high dividend — 3.8% to be exact. The dividend rose about 15% last year. It delivered 30% returs last year, as well. Before EBITDA in 2021, it generated $1.36 billion of adjusted earnings. It is focused heavily on wind-generated alternative energy.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) is growing in multiple directions in alternative energy, from solar, to EV Charging Stations, roofing and even electric agricultural farming. This is a fast-growing company which has grown through both organic means and acquisitions.

It has compiled a family of companies which, together, enjoy leveraged buying power. It is also an applicant for some $80 million in government grants to build more charging stations for electric cars.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) reported recently for Q3 of fiscal 2022 sales of $48.2 million, a YOY 964% jump. Also in the report it showed a $25.2 million operating profit. That represents 52% of total revenues in Q3 fiscal 2022.

SIRC says it also plans to ‘comfortably’ exceed its earlier guidance of $100 million for the 12 months ended May 31, 2022.  It continues to grow both its organic sales and new volume from acquisitions.

SIRC is well positioned in the newest strategy to utilize rechargeable solar batteries to help system owners beat rising electrical central grid pricing. SIRC is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business potential buyers of solar systems can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now before federal tax credits for solar drop from 26% to 22% in 2023. Solar loan money is plentiful and low cost. The time to commit to solar for consumers is now because funding can be obtained at little or no immediate cost.

SolarEdge (NASDAQ: SEDG) is a top solar buy for 2022, says Motley Fool. This analyst believes that this key solar company and leading solar PV inverter company is a ‘buy’ because its shares recently dropped with the entire market. SEDG is a vertically integrated rate-regulated utility that funds and operates utility-scale solar projects.

The result is that SEDG grew its revenue at a CAGR of 31% to 2020. It maintains a 30% gross margin and builds commercial and consumer residential solar ecosystems.

Analysts are optimistic about First Solar (NASDAQ: FSLR) and expect major sales gains to be announced in its upcoming sales report. Analysts expect quarterly earnings of $906 million, up 48% YOY. Recent earnings growth was only 3.6%, but this is a stable and profitable stock in a world of energy volatility.

Analyst Group Says Solar Buys Are Brookfield Renewable (NYSE: BEP), NextEra Energy (NYSE: NEE), SolarEdge (NASDAQ: SEDG) And First Solar (NASDAQ: FSLR); Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is A Stock To Watch.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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