After several years’ worth of cloudy skies, solar stocks may finally be finding their place in the sun. We have finally hit the inflection point with regards to solar installations and technology. In many areas, costs for solar — without subsidies — are now on par with other more traditional energy means. As a result, renewables are quickly gaining on market share from fossil fuels.
According to the International Energy Agency (IEA), investments in renewable energy sources grew 55% from 2010 to 2018. More importantly, the agency predicts that 65% of all global energy spending will come from renewables like solar by 2030.
FSLR started out as a maker of very efficient solar panels with some of the highest rates of sun-to-energy conversion around. This advanced technology served it well with many utility-scale solar producers.
RUN is now the largest residential solar installer serving more than 255,000 customers and employing more than 1,700 MW worth capacity. Because of this surge in customers and installed wattage, RUN’s revenues have sacked upped.