|Bid||20.75 x 800|
|Ask||20.99 x 3200|
|Day's Range||20.58 - 21.17|
|52 Week Range||3.70 - 21.17|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Solar power has captivated investors ever since Bell Labs developed the first modern solar photovoltaic (PV) cell in the mid-1950s. The basic idea that the sun could power something like a car used to seem like the ultimate sci-fi fantasy.Unfortunately, the solar industry's long road from sci-fi dream to everyday reality has been a conspicuously unprofitable one.Despite the spectacular worldwide growth of solar power, as shown in the chart below, many of the companies operating in the industry have struggled to turn a profit.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Click to Enlarge But the long years of famine are coming to an end. Within the last few months, several companies in the solar industry have reported record revenue, along with rising earnings and growing order backlogs.JinkoSolar Holding Co. Ltd. (NYSE:JKS), for example, reported record PV module shipments in the fourth quarter of 2018 and annual earnings growth of 140%. Canadian Solar Inc. (NASDAQ:CSIQ)reported a 129% jump in annual earnings, while Enphase Energy Inc. (NASDAQ:ENPH) and SolarEdge Technologies Inc. (NASDAQ:SEDG) produced annual earnings gains of 77% and 45%, respectively.One reason for solar's recent surge is a powerful new "X factor" that has entered the solar energy market and has the potential to supercharge demand. That X factor is energy storage - also known as batteries.Until recently, solar-power installations lacked the ability to store energy. They were simply use-it-or-lose-it power generators. Energy storage technologies were too expensive to be viable additions to solar-power facilities.But this old story is changing rapidly. Energy storage has arrived - and its arrival could be a very big deal for the solar industry.To see how we're getting there, let's take a quick trip (and it's a nice one) - to Hawaii… Profit in Paradise …Source: Shutterstock In the "olden days" of 2015, a company like Target Corp. (NYSE:TGT) would contract with a solar company to install solar panels on the roofs of its superstores. Once installed, the panels would deliver daytime electricity to supplement the electricity Target pulled from the regional power grid.But now, when Target installs new rooftop panels, it often also installs a battery system to store the excess energy it doesn't use immediately.In 2017, Target kicked off its solar-storage project at its store in Kailua-Kona, on the big island of Hawaii's east coast. There it installed a 910-kilowatt solar system from SunPower Corp. (NASDAQ:SPWR) that included a 250-kilowatt energy storage component.Source: TargetThis may have been the first time a Target store had added energy storage to solar - but it won't be the last."On emerging trends in energy innovation," the giant retailer stated, "we see energy storage as an integral tool to increasing our renewable energy consumption and improving resiliency at stores in climate-impacted communities."By the end of this year, Target expects to install rooftop solar systems on more than 500 store locations. And by 2030, the company plans to produce 100% of its energy needs from renewable sources.This storage component of the renewable energy industry is the new-new thing - and it has the potential to deliver big-big growth to SPWR stock and other solar companies that take advantage.This energy storage boom is increasing demand for new solar installations - and increasing the revenue-per-installation for a company like SunPower. It announced recently that one-third of its order backlog includes solar-plus-storage, and that these installs generate about 40% more revenue than ones without storage. … and BeyondLooking globally, the deployment of battery-based energy storage solutions (BESS) is ramping up quickly. According to JPMorgan, the cumulative installed base of BESS will soar 100-fold between now and 2030.Bottom line: Solar power is big … and getting much bigger.At the end of 2018, the world's installed capacity of solar-power generation totaled nearly half a billion megawatts - accounting for more than 7% of the globe's power capacity.But new capacity installations are on track to soar 25% this year, according to Bloomberg New Energy Finance, and to nearly double by 2021.Many forecasts anticipate an equally spectacular growth trajectory. According to the International Energy Agency's (IEA) "Sustainable Development Scenario," solar-power capacity will soar fivefold between now and 2025, accounting for a whopping 38% of global power generation.Looking further out, the IEA anticipates a 13-fold increase in solar-power capacity by 2040, at which point this renewable source would be providing two-thirds of the world's power needs.The IEA anticipates global spending on solar power to total $4 trillion over the next two decades - or about $180 billion per year.If investment of this magnitude were to occur, solar power would become the world's primary electricity source by 2040.But you don't have to wait 20 years to profit on this trend. By then, it could be too late - long after this spectacular growth trend has slowed.There are a lot of companies out there that are jumping on the solar bandwagon, and there is clearly a lot of investing potential here, but it's all about finding the right companies that offer significant long-term potential.That's why I've just released a special "all solar" edition of my brand-new newsletter - Fry's Investment Report.In it, I share two recommendations - and a whole lot of research - to get investors in on this technology's profit ground floor.To learn more, I strongly suggest you go here to find out how to join Fry's Investment Report.Eric Fry is a 30-year international finance expert, former hedge fund manager, and InvestorPlace's resident expert on global investment trends. He founded his own investment management firm and served as a partner several others. In 2016, he won the Portfolios With Purpose stock-picking contest - Wall Street's most prestigious investment competition - making him America's Top Trader. With Fry's Investment Report, Eric's goal is to track the world's biggest macroeconomic and geopolitical events - and help investors make big gains from those emerging opportunities. Click here to learn more.The post This Company's 'Hawaii Project' Reveals a $4 Trillion Opportunity appeared first on InvestorPlace.
[Editor's note: "7 Battery Stocks for High-Powered Gains" was previously published in May 2019. It has since been updated to include the most relevant information available.]One of the underperforming sectors in the stock market today is the battery sector. Trade tensions, higher raw material costs and global inflation are just a few of the macroeconomic headwinds that consumer discretionary stocks face. Yet stock markets tend to over-exaggerate on the downside risks, punishing a sector on the view that things will not improve.Fundamentally, the battery market is undergoing a major shift. Electric vehicles are driving the demand for lithium-ion batteries. Solar power panel prices plunged in recent years. This is creating a potentially higher demand for battery solutions to store energy captured from such panels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power? Battery Stocks to Buy: Tesla (TSLA)Source: Shutterstock Let us start with Tesla (NASDAQ:TSLA). The stock has fallen by nearly 25% this year because its unit sales of EVs are under pressure. With government subsidies no longer supporting them as much, Tesla shares are underperforming.Still, the company's ambition extends beyond electric cars. On May 16, Tesla completed its acquisition of Maxwell. At a cost of just $200 million, it gains some valuable intellectual property. Maxwell is best known for its manufacturing of ultracapacitors, but it is also developing dry electrode technology for batteries.If Maxwell's R&D efforts pay off, the unit could bring performance enhancements for lithium-ion battery cells. For starters, Tesla could start manufacturing batteries that have an energy density of over 500Wh/kg. That would bring a 15% to 100% increase to Tesla's current battery technology.Informally, Tesla has the best battery technology in the auto industry. Adding Maxwell's IP may also result in lithium-ion batteries that gain in capacity and will not lose energy after charged. Ultimately, TSLA stock could start turning around once the company implements the new technology. Having battery technology that is even further ahead of that offered by other automobile manufacturers could drive Tesla EV sales.Tesla is facing a slowdown in sales of Model S and Model 3. It has a cross-over Model Y that is not yet on the market. Chances are good that both the Model Y release and new battery technology coming with it will give the stock a boost. Energizer Holdings (ENR)Source: Shutterstock Shares of Energizer Holdings (NYSE:ENR) are stuck in a narrow trading range of between $37.50 and $40,50. Known best for its Energizer bunny rabbit on television commercials, the company is more than just a battery company. It has ambitions for transforming into a diversified global household products leader. This change brings along with it high goals. Energizer aims to grow adjusted free cash flow to $330 million-$370 million in 2020.There are three goals:1\. Generating adjusted EBITDA of $650 million-$675 million. 2\. Driving organic sales growth through pricing, innovation, and distribution gains. 3\. Deleveraging its balance sheet to a net leverage ratio of 4 times.Energizer bolstered its battery business by completing its acquisition of Battery and Auto Care. In doing so, the company will establish itself as a global leader while adding brands to diversify its business. It expanded its manufacturing facilities. Plus, over the past five years, it optimized its legacy factories to improve on cost and efficiency.In its second quarter, Energizer took advantage of strong demand for its legacy batteries by raising prices. Energizer MAX and Energizer lithium product prices rose in the U.S. The company expects to complete the price hike in international markets by the end of the fiscal year. * 7 Stocks Top Investors Are Buying Now ENR shares trade at 12 times forward P/E. With its consumer battery business strong and auto battery entry underway, the stock has the potential to break out of the trading range. Enphase Energy (ENPH)Enphase Energy (NASDAQ:ENPH) surged to a new 52-week high after the company reported a strong first quarter. Revenue rose 43%, while the company issued a second-quarter revenue outlook. It now expects revenue in the range of $115 million-$125 million. This is above the $96 million analysts had expected.Enphase makes microinverters, which the company says "offer the most advanced inverter technology on the market, which means higher production, greater reliability, and unmatched intelligence." In the first quarter, Enphase shipped 976,410 microinverters. The company now has 2,500 homeowners that joined its Enphase Upgrade Program. In doing so, these customers get quality and service. And strong customer satisfaction is leading to more business.Enphase still grew revenue in the quarter despite facing component shortages in all of its regions. This implies that once the supply issues are resolved, revenue should grow at an even faster pace. Looking ahead, Enphase expects to have a capacity of 2 million microconverters by the fourth quarter of 2019. The higher supply will also cut its microinverter lead times to around 6-8 weeks.Enphase will expand its IQ7 microinverter regionally. Adding high-power and high-performance products, adding AC modules, and bringing Ensemble Solar and Storage technology will further drive revenue.ENPH stock is near a 52-week high but may continue climbing higher following that strong earnings report. Panasonic Corporation (PCRFY)Source: Panasonic Panasonic Corporation (OTCMKTS:PCRFY) fell to yearly lows on no recent bad news. On May 9, the company announced that it would team up with Toyota (NYSE: TM) to make smart homes. Panasonic is already an existing partner in supplying batteries for Toyota's electric vehicles. So with tens of thousands of homes potentially implementing a smart home, the partnership is a natural extension.Panasonic specializes in batteries and home appliances, while Toyota started developing robots that help with household jobs.In January, the two firms formed a joint venture for the manufacture of EV batteries. Toyota will own 51% of the venture while Panasonic will own the remaining 49%. The companies aim to increase battery capacity by 50 times, compared to those used in current Toyota hybrid vehicles. Mazda, Subaru and Daihatsu will source batteries from this joint venture. Honda already uses Panasonic batteries but will benefit from this new collaboration. * 7 Stocks Top Investors Are Buying Now Panasonic and Toyota will also develop solid-state batteries, which will eventually replace the lithium-ion batteries used in electric cars today. By offering a higher range at a lower cost, these new battery types could drive Panasonic's revenues higher. Johnson Controls (JCI)Source: Shutterstock Johnson Controls (NYSE:JCI) is the largest manufacturer of automotive batteries. The company consolidated its business in the second quarter when it closed the sale of Power Solutions ahead of schedule. Brookfield Business Partners closed its $13.2 billion acquisition of the battery unit on Apr. 30.With the battery unit sold, why should investors consider JCI stock? With growth prospects in other markets, investors could get some diversification away from battery suppliers. JCI's underlying fundamentals are strong and the company enjoys an $8.8 billion backlog. This gives it clear visibility into 2020.In the second quarter, JCI's adjusted sales grew 3% year-on-year as EPS grew 23% to 32 cents. The $5.8 billion in revenue from the Buildings unit is another bonus for holding the stock. Though JCI sold its battery unit, it still has institutional knowledge around the energy storage solutions market. For example, HVAC and controls rose in the mid-single digits while the fire and security unit is up in the mid-single-digit growth rate.For fiscal 2019, JCI expects adjusted free cash flow conversion topping 95%.On the balance sheet, JCI ended Q2 with $12.15 billion in debt. The sale of Power Solutions allows the company to cut debt by $3.4 billion. It has $8.2 billion to buyback shares. By investing back into the company, Johnson Controls' stock could trade at new highs in the coming months. Albemarle (ALB)Source: fdecomite via Flickr (Modified)In the specialty chemicals space, Albemarle (NYSE:ALB), which forecast revenue rising 8%-14% this year, benefited from lithium prices rising 3% from last year. The company reported revenue of $832 million and adjusted EBITDA of $226 million. Still, the company's EPS fell 5% year-on-year to $1.23.Albemarle noted on its conference call that global sales of electric vehicles rose by almost 60%. This led to battery production rising. The company generated sales of $292 million for lithium. Thanks to a long-term agreement structure, pricing rose 3%. * 7 Stocks Top Investors Are Buying Now For the full-year 2019, Albemarle expands sustained, strong demand for lithium. And although excess lithium carbonate from China hurt prices for carbonate, Albemarle will not compete in the same markets until pricing improves. Overall, management expects production growth of 15,000 to 20,000 metric tons and EBITDA growing in the high teens. With the company committed to 40% margins and existing long-term contracts in place, ALB stock should not stay at yearly lows for too long. Sociedad Quimica y Minera de Chile S.A. (SQM)Source: Shutterstock Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is another lithium supplier. In April, it raised its lithium outlook and said it expected sales of around 50,000 tons. The higher output is due to its operations in the Atacama salt flat.SQM shares aren't far from their 52-week lows largely because of the company's disappointing first-quarter earnings report. . In Q1, the company's top and bottom lines came in meaningfully below analysts' average estimates.Investors are not confident that the company will meet the demand growth led by full electric vehicle penetration levels reaching ~2%. Still, if SQM can increase its total capacity this year and next, the company may eventually achieve its 180,000 metric ton output target. In the near-term, SQM will keep producing at levels about demand, accumulating inventory. In doing so, it will have more flexibility in selling in higher volume if prices and demand levels are favorable.For the rest of 2019, SQM expects pricing levels similar to last year's levels. Strategically, the company will not go after market share in the short-term. Instead, it expects demand in 2025 will top one million metric tons. From there, it is positioning the company to have the output capabilities to meet that demand level.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 7 Battery Stocks for High-Powered Gains appeared first on InvestorPlace.
China offers $247.4 million of subsidies to centralized solar projects. It comes at a time when U.S. and China are set to resume trade talks. Let's see if solar stocks are poised to benefit.
Canadian Solar (CSIQ) supplies solar modules, inverter stations and EPC services for the 15 megawatt-peak (MWp) Chu Ngoc Solar Project
JinkoSolar (JKS) delivers 95 MW monocrystalline solar panels to Vena Energy Australia for the Tailem Bend Solar Project. The plant is capable of generating 200,000 MWh of renewable energy per year.
Enphase Energy (ENPH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
JinkoSolar (JKS) supplies solar modules to I+D Energias. This is expected to expand the company's footprint in the solar market of Hungary.
At present, Enphase Energy (ENPH) appears to be a better investment option than Canadian Solar (CSIQ), given its better rank and upward trend in earnings estimates compared with the latter.
At present, Enphase Energy (ENPH) appears to be a better investment option than Canadian Solar (CSIQ), given its better rank and upward trend in earnings estimates compared with the latter.
Enphase Energy's (ENPH) IQ Microinverter System simplifies solar installations and provides complete alternative current solutions to homeowners.
Solar stocks rise in response to US-China trade truce news, probably on hopes that negotiations may lead to some respite from the tariffs on import of cheap solar panels from China
The U.S. solar market installs 2.7 gigawatts direct current (GWdc) of solar photovoltaic (PV) capacity, leading to the strongest Q1 in the industry's history.