• Best stocks to buy now
  • Contact
  • Disclaimer
Friday, August 12, 2022
No Result
View All Result
  • ItalianoItaliano
Best Stocks
  • News
  • Best stocks to buy nowHOT
    Wall Street’s best stocks to buy now in the fourth quarter

    Best Stocks To Buy Now: August 08, 2022

    DM stock news

    Roku stock (NASDAQ: ROKU) recovers after missing EPS Q2 2022 by 20.18%. This is why.

    Best Stocks To Buy Now

    Best Stock To Buy Now : August 06, 2022

    Trending Tags

    • BABA
    • DIS
    • TSLA
    • SKLZ
    • NYSE: GME
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech Stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
  • News
  • Best stocks to buy nowHOT
    Wall Street’s best stocks to buy now in the fourth quarter

    Best Stocks To Buy Now: August 08, 2022

    DM stock news

    Roku stock (NASDAQ: ROKU) recovers after missing EPS Q2 2022 by 20.18%. This is why.

    Best Stocks To Buy Now

    Best Stock To Buy Now : August 06, 2022

    Trending Tags

    • BABA
    • DIS
    • TSLA
    • SKLZ
    • NYSE: GME
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech Stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
No Result
View All Result
Best Stocks
Home Best Stocks to Buy Now

Sell-off in solar could bring some good investment opportunities

by Elaine Mendonça
January 21, 2022
in Best Stocks to Buy Now
0
Sell-off in solar

Source: Getty

56
SHARES
287
VIEWS
Share on FacebookShare on Twitter

As the globe transitions away from fossil fuels, renewable energy will play a more important role, and recent dips in clean technology companies give an attractive entry point.

We expect distributed energy production and storage to expand and intensify in the years ahead, and that owning strong energy firms aligns with this trend, the investment banking business noted in a research note to clients. “We foresee further growth in distributed solar systems, particularly now that storage has become economic.” Guggenheim reports.

Despite the increase in the size of the solar sector, Guggenheim said that the retreat presents a “attractive opportunity” to invest in a select group of quality brands.

Guggenheim’s best idea in space is out of the ordinary and not a traditional solar play. The company favors Generac the most. Residential backup power systems are provided by the company, and it is expanding into the residential solar and storage markets. Due to ongoing power grid failures, including one in Texas earlier this year, consumers are increasingly turning to companies like Generac to ensure power.

“The company’s branding and dealer network serve as an excellent springboard for additional home sales.”

Sell-off in solar
Source: Getty

Guggenheim analysts led by Joe Osha wrote, “GNRC is leveraging its strength with the introduction of home energy storage and solar inverter products.” He forecasts that the company, which is also making inroads in commercial markets, will generate $3.5 billion in revenue in 2021, representing a 53 percent increase year on year.

Generac has a buy rating and a $420 target price, which is 31% higher than where the stock closed on Wednesday.

Guggenheim also sees a bright future for residential installers Sunrun and Sunnova, which it rates as buys.

The former is the largest residential solar player in the United States, which Guggenheim believes positions the company for success as the market grows. “As the residential solar industry grows in size and sophistication, so do the benefits of scale, and RUN is capitalizing on those advantages. RUN is using its position to drive additional growth and market share gains across the board, from access to capital markets to procurement to go-to-market strategy,” Osha said. He went on to say that the company’s large subscriber base provides revenue visibility over the life of solar contracts.

Guggenheim expects the stock to rise 30% to $56. Nonetheless, the target is well below the stock’s all-time intraday high of $100.93 set on January 12.

Sunnova, according to the firm, has shown “remarkably rapid growth,” prompting Osha to forecast 2021 installation volumes that nearly double those of 2020.

Sunnova’s dealer-based business model, according to Guggenheim, has aided its rapid expansion, and the firm expects high growth levels into 2020 as well.

“As the company expands into new markets, NOVA should be able to continue adding subscribers…

“We believe we are only at the start of a major shift, with home resilience, grid services, neighborhood microgrids, and additional services driving incremental revenue,” the firm stated. Guggenheim’s $51 target is 80% higher than the stock’s closing price on Wednesday.

Osha prefers SolarEdge, which he rates as a buy, when it comes to solar inverter companies. On competitor Enphase Energy, he has a neutral rating.

“Competitors vastly underestimated the difficulty of developing small, robust power management technology.” “SolarEdge and Enphase are now far ahead of the competition,” he said, noting that the two companies control roughly half of the total addressable market.

SolarEdge’s storage offering, according to the company, could be a catalyst, and its separate optimizer and inverter structure is well-suited to large residential systems and commercial applications. According to Guggenheim, SolarEdge’s potential in new markets and products is not currently reflected in the stock’s valuation. The firm’s $314 target is 27% higher than Tuesday’s close.

Enphase is a term that has a lot of different meanings depending on who you Guggenheim predicted that the company’s market share gain in the residential market would continue, but warned of high costs due to supply chain disruptions. In order to scale commercial products, the company may have to lower prices, which could lead to margin erosion. Given this, the firm believes the stock is fairly valued.

 

Tags: Best StocksSell-off in solarSolarEdge
Elaine Mendonça

Elaine Mendonça

My focus is on uncovering early-stage ideas with the potential to have a lasting impact. My educational background includes a bachelor's degree in finance, an MBA, and two tests completed - the CFA and CMT. Over the last nine years, I have managed my investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

Latest

CURLF stock news

Craig-Hallum Reduces Curaleaf (CURLF) PT to $7.50. CURLF is trading at $6.05

8 mins ago
TLS stock news

TLS’s (Telos) second-quarter earnings per share growth reported at 7 cents more than expected

1 hour ago

Popular News

  • AMZN Stock Forecast

    Amazon Stock Forecast And Price Prediction (Updated August 2022)

    17 shares
    Share 0 Tweet 0
  • Tesla Stock: Buy Now Or After Split?

    15 shares
    Share 0 Tweet 0
  • Stocks to buy now – April 2nd, 2022

    16 shares
    Share 0 Tweet 0
  • In response to a Nasdaq request for further information, Vinco Ventures (BBIG) has been put on hold.

    0 shares
    Share 0 Tweet 0
  • Fidelity 500 Index Fund (FXAIX) Performance Over Time.

    207 shares
    Share 0 Tweet 0

Free Stocks Recommendations

Get notified everytime we recommend a stock.
Marketing by

DISCLAIMER

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your personal investment advisor and only after performing your own research and due diligence, including reviewing the prospectus or financial statements of the issuer of any security.

The Best Stocks, its managers, its employees, affiliates and assigns (collectively “The Company”) do not make any guarantee or warranty about the advice provided on this website or what is otherwise advertised above.

READ MORE

Follow us on Social Media
Facebook – YouTube – Twitter

Write for us
Finance – Business

Best-Stocks-Logo_dark

Categories
Best Stocks to buy now
Crypto
Dow Jones Today
Pre-IPO and Startups
Tech stocks
Utility Stocks

Data and Tools
Quote
Target
Wealth
Converter
Dow Jones Today

Best Stocks to Buy Now

We are a financial media dedicated to providing stock recommendations, news, and real-time stock prices.

Newsletter

Get free stock recommendations and real-time news. Our portfolio has returned over 100% in 2020.

Marketing by
  • Disclaimer
  • Best stocks to buy now
  • Contact
  • Write for us – Finance, Crypto

© 2022 Best Stocks

No Result
View All Result
  • Home
  • News
  • Best stocks to buy now
  • Categories
    • Crypto
    • Dow Jones Today
    • Pre-IPO and Startups
    • Tech stocks
    • Utility Stocks
  • Data & Tools
    • Indices
    • Portfolio Tracker
    • Stock Quotes
    • Stock Targets
  • About us
  • English
  • Italiano

© 2022 Best Stocks