Buyer’s Guide To Community Solar in New York

by Tom Konrad Ph.D., CFA After a painfully long wait, community solar (also called shared solar) is finally coming to New York state. After years of regulatory uncertainty, the state Public Services Commission (PSC) has put enough of the enabling regulations in place for a number of developers to move forward. What is Community Solar? A community solar installation is a large scale (typically 1 to 3 MW, or the size of about 150 to 800 residential solar installations) in which subscribers can sign up to lease or purchase a share of the production from the solar farm as a credit on...

Ten Alternative Energy Speculations for 2008: Geothermal, Wind and Wave, and Thin Film Hype

This article is a continuation of my Ten Alternative Energy Speculations for 2008, with picks #8, 9, and10 published last Thursday.  If you haven't already, please read the introduction to that article before buying any of the stock picks that follow.  These companies are likely to be highly volatile, and large positions are not appropriate for many investors.   My least risky picks are part of that same article linked to above; the moderately risky picks are here.  This article contains the most speculative three picks. #3 Nevada Geothermal Power (OTCBB:NGLPF or Toronto:NGP.V) US$1.29 or CAD$1.26 Geothermal first started catching...

The History and Future of Solar Shingles

by Kyle Pennell Back in late 2016, Tesla (TSLA) moved to acquire SolarCity, a solar panel manufacturer and installer. Shortly thereafter, the electric automaker revealed why: it had developed a new residential solar product, the solar roof. While it looked like any other home roof, the tiles that composed the roof actually contained solar cells. An individual roof tile won’t produce much energy, but when linked with others in sequence, the tiles can potentially generate power equal to that of regular solar panels. But while Tesla’s solar roof energized the solar industry, it was hardly revolutionary. At the time of Tesla’s unveiling...
solar micro inverter

Hopping On The Short Enphase Bandwagon

On July 25th,  Prescience Point Capital Management recently released a report accusing Enphase energy Inc. (ENPH) of earnings manipulation. Prescience is an investment manager with a reputation for strong short-side analysis. I was intrigued, and decided to investigate Prescience's claims for two reasons: I am generally concerned about overall market conditions, so adding a short position to my portfolio is attractive in the current market environment. As an analyst who specializes in clean energy stocks, I have suspected that Enphase would not survive much longer because I believe that its core technology is no longer the best solution for...
solar manufactureing

List of Solar Manufacturing Stocks

Solar manufacturing stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy.  Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain. See also the list of Solar Farm Owner and Developer Stocks, the list of Residential Solar Stocks (forthcoming 6/21), and solar and wind inverter stocks. 5N Plus Inc (VNP.TO, FPLSF) Amtech Systems Inc (ASYS) Apollo Solar Energy (ASOE) Ascent Solar Technologies Inc (ASTI) Canadian Solar (CSIQ) DAQO New Energy Corp. (DQ) First Solar Inc (FSLR) GCL-Poly Energy Holdings Ltd. (3800.HK) Guggenheim Global Solar ETF (TAN) Hanwha Q CELLS Co., Ltd. (HQCL) Iberdrola, S.A....

Tesla’s Buffalo Solar Tiles: As Hot As They Seem?

by Paula Mints In August, Tesla (TSLA) announced that production of its roof tiles at its not-yet-a giga-factory in Buffalo New York would be delayed until late in 2017. Wait ... it is late in 2017. Tesla indicated that production on the tiles was continuing at its 25-MWp pilot scale facility in Fremont, California. The Fremont facility was the former home of the dearly departed Silevo. On August 31 Tesla announced that it was now manufacturing solar cells at its facility in Buffalo and indicated it would have 2-GWp of cell capacity eventually. During Tesla’s earnings call Mr. Musk showed pictures...

The Alternative Energy Fallacy

John Petersen In 2009, the world produced some 13.2 billion metric tons of hydrocarbons, or about 4,200 pounds for every man, woman and child on the planet. Burning those hydrocarbons poured roughly 31.3 billion metric tons of CO2 into our atmosphere. The basic premise of alternative energy is that widespread deployments of wind turbines, solar panels and electric vehicles will slash hydrocarbon consumption, reduce CO2 emissions and give us a cleaner, greener and healthier planet. That premise, however, is fatally flawed because our planet cannot produce enough non-ferrous industrial metals to make a meaningful difference and the prices...
Solar Farm

List of Solar Farm Owner and Developer Stocks

Solar farm owner and developer stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy.  Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain. See also the list of Solar Manufacturing Stocks, the list of Residential Solar Stocks (forthcoming 6/21/18), and solar and wind inverter stocks. 7C Solarparken AG (HRPK.DE) Abengoa SA (ABG.MC, ABGOY, ABGOF) Acciona, S.A. (ANA.MC, ACXIF) Algonquin Power and Utilities (AQN, AQN.TO) Atlantica Yield PLC (AY) Bluefield Solar Income Fund (BSIF.L) Boralex (BLX.TO, BRLXF) Brookfield Renewable Energy Partners (BEP) Canadian Solar (CSIQ) Capital Stage AG (CAP.DE) Edisun Power Europe AG (ESUN.SW) Etrion...

First Solar: Companies Plan, God Laughs

by Paula Mints First Solar (FSLR) offered a great lesson about the announcing of plans (man plans, god laughs) in July when during its Q2 release call it discussed the yield problems slowing commercial production of it’s Series 6 large format module. The production delays are due to a single point of failure causing a bottleneck. First Solar expects to enter volume production with its Series 6 module early in 2019. Muted-kudos to First Solar for discussing a not-so-secret problem with Series 6 production. The kudos are muted because if the company had been more circumspect in the first place there...

Yingli In Danger Of Default

by Doug Young Bottom line: Yingli is in increasing danger of defaulting on its heavy debt load, which could result in a rapid and disorderly bankruptcy if its hometown government fails to provide support. After sending out a steady series of distress signals over the last few weeks, solar panel maker Yingli Green Energy (NYSE: YGE) has sent out its strongest trouble sign yet as it struggles under a huge debt load. The most recent signal comes in a new filing with the US securities regulator, in which Yingli says its big debt could threaten its...

Future Remains Bright For Solar Despite The Trump Tariff

by Thomas Byrne Despite the Trump Administration’s assertion that it will benefit the solar industry, the decision to impose a tariff on solar panels will have the opposite effect. While attempting to prop up a handful of American manufacturing jobs that may never materialize, many more jobs installing solar systems are at risk as the pace of installations will slow. Some estimate as many as 23,000 jobs could be lost. But the solar industry has proven resilient through bigger threats, and the global demand for clean energy will eclipse this decision. The remedy imposed by the Administration will have a few immediate impacts on...

Power REIT: No News Is Good News

Tom Konrad Ph.D., CFA I first wrote about Power REIT (NYSE MKT:PW) in 2012, when the tiny real estate investment trust unveiled its plans to become what would have been the first Yieldco by investing in the land underlying solar and wind farms... before the term 'Yieldco' had even been invented.  In the years since, the company made some progress buying land under solar farms.  According to the most recent shareholder presentation, they now own land under seven solar farms totaling 601 acres and 108 MW, in addition to their legacy railroad asset.  These assets produce...
residential solar

List of Residential Solar Stocks

Residential solar stocks are publicly traded companies that develop, install, finance, or own solar systems for single and multi-family residences. See also the list of Solar Farm Owner and Developer Stocks, the list of Solar Manufacturing Stocks, and the list of solar and wind inverter stocks.   Guggenheim Global Solar ETF (TAN) RGS Energy (RGSE) Solar Alliance Energy, Inc (SOLR.V) Sunrun, Inc. (RUN) Sunworks, Inc. (SUNW) Tesla, Inc. (TSLA) Vivint Solar (VSLR) If you know of any residential solar stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.

Unprofitable Tesla Begins Dismantling Unprofitable SolarCity

by Paula Mints In June, Tesla (TSLA) announced it would shut down some of its solar installation stores, end its agreement to sell solar systems through Home Depot and either lay off or reassign affected workers. Tesla indicated that this was part of its overall plan, that is, business as usual. Comment: In 2016, Elon Musk, oops, Tesla adopted, oops, acquired, SolarCity from his cousins, oops, SolarCity shareholders for $2.6-million, oops, $2.6 billion, ramming the deal down skeptical shareholder’s throats, oops, making an economically rational case for the deal. A shareholder lawsuit is working its way through the courts. SolarCity, the pioneer...
Weather Risk Managment: Solar Put

How Weather Risk Transfer Can Help Wind & Solar Development

by Daryl Roberts The Need To Accelerate Renewables Adoption Renewables are growing rapidly as a percentage of new electric generation, but are still being assimilated too slowly and still constitute too small of a fraction of total generation, to be able to transition quickly enough to scale into a low carbon economy in time to mitigate climate change. The issue of providing public support, with subsidies and other reallocation methods, is a politically charged subject. High carbon advocates, for example American Petroleum Institute, argues that support for renewables distorts the market. On the other hand, it has been argued, for example by...
Enphase M-Score

Hopping Off The Short Enphase Bandwagon

by Tom Konrad, Ph.D., CFA Last week, I wrote that I'd taken a short position in Enphase Energy Inc. (ENPH). I have now closed out that position and don't intend to go short again. My decision to go short was based on four factors: I'm worried about risk in the overall market, and so am considering opportunistic short positions as a hedge. Prescience Point Capital Management released a report accusing Enphase of earnings manipulation. The report seemed well-researched from a purely accounting point of view. My favored indicator for avoiding companies which might be engaging in earnings manipulation, Beneish M-Score was...