I can see this organized labor stuff has been beating the price of this stock down pretty badly.
Now, it’s a great looking chart pattern showing up on many a bull’s radar. I’m here for the steady revenue growth combined with chart dynamics.
Combine that with over 13 million shares of short interest and you just might have something.
If share price even holds above $14 it will casually walk above the 50 DMA. Once that happens, it’s a short trip to cross above $14.33, which will put the inverse H&S into play on the 60-minute chart. $14.33 is the neckline with an upward target of about $15.50.
Then, not to be too optimistic, gap closure awaits at $19.56. I'm not a super believer in gap theory but plenty of investors are and 13 million shares of short interest can do strange things when it's wound up tight.
For new residential solar installations (privately funded), I have a feeling Enphase is already dominating in the U.K, and much of Europe and probably beginning to do the same in Australia. It's not just the U.S. anymore. Got to wait a week to see what's been happening down-under.
As for the solar lease business, besides being a hardware giveaway; customer reviews of lease systems will eventually catch up to those companies.imho