Solar Sector Stocks Such As First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC) ,Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH) Are Solar Stocks To Watch In 2022
Solar sector stocks are — like most energy shares — volatile in this economy. We have several contradictory trends: more federal and state supporting funds, extended tax credits for solar installations, and headwinds such as higher interest rates and supply chain issues. Solar stocks to watch in this fast-moving sector include: First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC), Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH).
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).
Solar Sector Stocks Such As First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC) ,Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH) Are Solar Stocks To Watch In 2022
First the latest news. Enphase Energy (NASDAQ: ENPH), a closely-watched entity in the solar sector by analysts, yesterday announced a new partnership has been reached with Semper Solaris (SS). SS is one of the fastest-growing solar, home battery and roofing contractors in the U.S. Enphase Energy (NASDAQ: ENPH) stock closed at $121.80 in after-hours trading, after the deal was announced.
The partnership is interpreted as addressing the need for SS to address solar client homeowners’ demands for solar batteries to help manage and save excess electricity generated by solar energy. It will also be the answer to new California utility proposed policies on net metering .
The impact on net metering changes would mean that solar system homeowners — and potential buyers — would require solar battery systems to work around a possible decision by utility companies to pay less for excess electricity they buy solar customers — plus new central grid access fees charged to solar system owners.
It also provides a work around for solar system owners who want to avoid extra charges by utility companies that wish to charge ratepayers for purchases of electricity during ‘peak’ hours. Solar battery storage offers answers to all of these issues.
Management of SIRC in a recent Q&A session gave a shout out to ENPH and said they were sourcing solar batteries from this domestically-based Company as a way of end-running supply chain issues.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) itself is a solar/alternative energy stock to watch, as well. It 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 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.
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. The stock closed last night after hours at $72.13.
SunPower (NASDAQ: SPWR) has had lowered analyst ratings due to its anticipated reported performance at the low end of its earlier guidance. The solar company is facing delayed utility scale projects due to supply chain issues and California’s proposed changes in net metering policy.
This is a company facing unanticipated issues not of its making. Watch for a rebound in performance and an eventual upward ‘bounce’ in its stock price. It closed last night at $15.26 after hours. Solar Sector Stocks Such As First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC) ,Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH) Are Solar Stocks To Watch In 2022.
Canadian Solar (NASDAQ: CSIQ) shares closed at $24.71 after hours last night. This is a company with an ability to ride the solar sector momentum significantly higher. Most recently, its subsidiary — Recurrent Energy — expanded its footprint in Virginia by acquiring a project called Firefly.
Despite governmental tailwinds, some headwinds are slowing — but not stopping — solar growth. California may be first in rooftop solar with 3.1 million customers owning solar systems, but Massachusetts is not far behind. Government officials there blame the bureaucracy for snafus. They will be overcome.
So, too, will the moves by utilities in California to paint with a broad brush and make energy efficiencies for solar system owners gaining at the expense of low income rate payers.
The answer is the rechargeable solar battery. These batteries are an important buffer for solar system owners. They can store excess electricity themselves — or share it with other solar system owners — and SIRC is in the Tesla (NASDAQ: TSLA) PowerWall solar battery installation business, too.
Interest rate hikes scheduled in 2022 by the Fed will not stop the boom in the consumer housing market, electric car sales or solar rooftop installations. They may play a role in their continued growth — like higher gas prices impact holiday driving — but they will not impact long term growth. Consumers are determined to live with it for the long term good. Solar Sector Stocks Such As First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC) ,Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH) Are Solar Stocks To Watch In 2022.
Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.
Joining the central grid for solar is inevitable, but it can also be profitable and efficient. It is not just rejecting the carbon gases from fossil fuels, but important economic sense to make the move to solar now.
SIRC is well positioned in this strategy because it 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 is now at little or no cost.
Central grid electricity is climbing in cost — making the payback period for solar less than eight years. Solar buyers can install systems for next to nothing if they do it now.
Solar Sector Stocks Such As First Solar (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Solar Integrated Roofing Corp. (OTC PINK: SIRC) ,Canadian Solar (NASDAQ: CSIQ) and Enphase Energy (NASDAQ: ENPH) Are Solar Stocks To Watch In 2022.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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