Solar Photovoltaic

by Paula Mints The PV industry is global, and its pricing function has a cultural basis. Particularly as it is dominated by China, without an understanding of China and its market motivations, it is impossible to understand why PV manufacturers today, all rational actors, willingly accept 15% or lower manufacturing margins when margins for like industries are higher. Examples from other industries include: Coal 40% to 50%, Iron and Steel 20%, Construction ~30%, Appliances 30%, Aluminum 20%, Industrial Machinery and Components 40%, Aerospace 40% and Agriculture 8%. In the PV industry the average margin is 8%. Congratulations PV, you are on par with agriculture. Aside from significant government...

Solar project developer ReneSola Ltd. (SOL:  NYSE) reported financial results this week for the quarter ending June 2018.  Revenue topped $27.8 million in the quarter well below the year ago period when a faster pace of development activity generated $44.8 million in sales.  The negative year-over-year comparison was anticipated following the sale of ReneSola’s solar cell manufacturing operations in September 2017.  Now the company is making its way with solar project development, engineering services and electricity sales from its owned solar power facilities. Management had guided for sales in a range of $25 to $30 million in the June 2018 quarter.  The good news was that ReneSola...

The Envision Solar (EVSI) was reviewed in depth in a previous article last September in the context of its avoidance of high demand charges for electric vehicle DC fast chargers. Envision Solar has completed its Nasdaq listing as reported in the news release on the Nasdaq site & Accesswire.   The company issued 2,000,000 shares and expects to receive gross proceeds of $12.0 million before deducting offering expenses. Prior to the new listing, average pricing for the stock on the OTC market was disclosed to be $.23/share. Applying the 1:50 reverse split, the post-split equivalent stock value would have been $11.50. However,...

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...

See the Buyer's Guide to New York Community Solar for details on how New York community solar works and lists for other utility territories. Updated 9/8/2020 VENDOR NAME PRICING STRUCTURE ADDITIONAL DETAILS SPECIAL OFFERS IPP Solar Integration LLC 10% discount subscription model - Clearway Community Solar 10% discount subscription model Cancellation free if replacement found or with 90 day notice, otherwise $200 termination fee Community Power Partners 10% discount subscription model no cancellation fee with 90 days notice, no credit checks and no payment information required Nexamp Inc. 10% discount subscription model No cancellation fees and long-term contracts Oya Solar Inc. 10% discount subscription model Contract for specified period needs to be signed Astral Power 10% discount subscription model  No cancellation fee....