|Bid||20.33 x 1200|
|Ask||20.75 x 800|
|Day's Range||20.03 - 21.04|
|52 Week Range||7.11 - 24.84|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||15.83|
|Earnings Date||Nov 25, 2019 - Nov 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.07|
If you bought First Solar (NASDAQ:FSLR) stock as a way to play the future of solar energy, you're probably frustrated. Over the last five years First Solar stock is down almost 8%. Sales have been declining and losses are piling up. Operating cash flow has usually been negative. Cash on hand is declining.Source: Shutterstock Reading First Solar's numbers, you might think solar energy is a myth. It's not.The amount of solar energy in America's energy grid rose 30% in 2018. It's on pace for another gain this year, despite the rolling back of financial incentives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are now over 2 million solar installations in the U.S., and that's expected to double over the next five years. First Solar's Problem is DeflationThe problem is deflation. The problem is China. First Solar's share of the global market is down to 3%. The big players are all Chinese companies, like JinkoSolar (NYSE:JKS), privately held JA Solar and Trina Solar, along with Canadian Solar (NASDAQ:CSIQ).Solar is like open-source software because the biggest benefits go to the users, not the developers. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Solar panel prices keep declining, and solar panels keep getting more efficient. Canadian Solar now has a panel that claims conversion efficiency of nearly 23%. A startup, Solaria, is at 20%. First Solar is also at 22%. Solar efficiency could increase even faster, but the poor financial results for existing players mean research funding is drying up.Solar must also compete with wind in the renewable energy market, even though they're complementary, since wind supplies peak at night and solar during the day. Still, wind has been taking the prizes. Wind now represents 6.5% of the U.S. electrical grid. It is below the levelized cost of energy from natural gas.Then there's efficiency, which only shows up in consumption statistics. Electricity demand remains stubbornly stable, even with electric cars appearing on many roads, and even with increased demand for air conditioning. There's a Growing Thumb on CostsWhile renewables still represent less than 10% of the U.S. energy grid, their economic models aren't based on burning anything. Once a solar panel or wind turbine is in production, it keeps producing. Besides its initial costs, a solar panel or wind turbine just implies maintenance costs. By contrast, oil and natural gas aren't really energy. They're commodities that we burn to create energy.Recent attacks on Saudi oil installations made little difference to the market. The U.S. has 700 million barrels of oil, a nearly two-year supply, in storage. Saudi Arabia has another 190 million barrels. It's mostly there for oil-storage trade -- the practice of purchasing oil at a lower price and holding it in storage until prices increase.The world, in short, is awash in energy, from all sources. All players are struggling to stay afloat against the continuing threat of deflation. The Bottom Line on First Solar StockPresident Donald Trump's administration has done all it can to boost the oil patch and discourage renewables.Yet every time a solar panel goes on a roof, demand is taken out of the market, permanently. This doesn't mean solar panel makers are a good investment, as First Solar proves. The market is going to government-supported panel makers in China.First Solar manufactures its panels in Malaysia, Vietnam and even Ohio. The company is wisely focused on the utility business. Here, big facilities keep costs low. Low costs from scaling mean there's more business than in the residential market, where each installation requires its own permits.That doesn't mean I'm buying First Solar stock. I'm just glad someone is.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post First Solar Stock Drops as Solar Power Grows appeared first on InvestorPlace.
For a couple of years, I've repeatedly emphasized that solar equities are great stocks to buy. One of the reasons for my bullishness about solar stocks was the rapid adoption of solar energy by most of the largest countries in the world, including the U.S., India, Japan and China.And in 2019, solar names, including my favorite companies in the space, SunPower (NASDAQ:SPWR), JinkoSolar (NYSE:JKS) and Daqo New Energy (NASDAQ:DQ), have indeed been great stocks to buy, as they have risen tremendously this year. But driven, I believe, largely by the inaccurate statements of a biased insider, solar stocks have slumped recently. I think that this decline represents a great buying opportunity, and that solar names remain great stocks to buy at this point. Solar Stocks Have Risen From the AshesFor the lion's share of 2018, most solar stocks were held back by China's decision to withhold subsidies while it reconsidered its solar policies. But solar was rapidly becoming cheaper than other forms of energy, including in many areas of China, leading me to remain extremely upbeat on solar stocks. California's decision to require all new homes to utilize solar energy, along with rapidly rising renewable mandates by other American states were also very positive for solar stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy the beginning of 2019, it became clear that China was not giving up on solar energy and that it would resume providing meaningful subsidies to solar panel makers. Meanwhile, the increased financial competitiveness of solar, along with the other positive catalysts I described above, caused the results of many solar companies to dramatically improve.Consequently, many solar stocks have surged dramatically in 2019. For example, SPWR stock, JKS stock and DQ stock -- three names I've strongly recommended in the past -- have jumped 150%, 98% and 106%, respectively, in 2019. Insider Bearishness Has Put a Damper on Solar StocksBut in recent weeks, most solar stocks have decreased meaningfully (although many have risen recently after the attacks on Saudi Arabia caused oil prices to spike dramatically). For example, JKS stock is down 13% from its recent high, while SPWR stock has fallen nearly 20% and DQ stock is down almost 5%.The declines came almost immediately after Eric Luo, the CEO of Chinese solar company GCL System told Reuters that he thought only 20-25 gigawatts of solar energy would be installed in China annually through 2025. Last year, 41 gigawatts of solar were installed in the country. In the first half of 2019, 11.4 gigawatts were installed.However, in May, Beijing said that it had decided to spend $435 million on solar subsidies. The government noted that applications for the subsidies were due on July 1. On July 11, Reuters reported that China had decided to subsidize nearly 23 gigawatts of solar for the rest of this year. Adding that 23 GW figure to the 11.4 GW that had been reportedly installed, in the first half of the year adds up to over 34 GW. That's well over Luo's 20-25 GW estimate.Moreover, Beijing stated that "about 50 GW of solar power projects" will be installed this year, more than double the midpoint of Luo's estimate. And, as will be noted below, both JKS and DQ are extremely upbeat about the outlook for China's solar sector. Finally, multiple news outlets are reporting that, in a large part of the country, solar power is now cheaper than electricity generated by other sources. As a result, in coming years, there will be a meaningful financial incentive to build more solar projects even if government subsidies end.Luo, who was also apparently bearish on solar at the beginning of the year before solar stocks exploded higher, appears to have a bias against the solar panel sector. That's because GCL-Poly, the highly indebted parent company of Luo's GCL System, is looking to sell a 51% stake in another subsidiary, GCL New Energy. The latter subsidiary owns power plants in China.Solar power plant owners would likely benefit from low solar panel demand, which would result in low solar panel prices. Lower panel prices would enable the plant owners to expand their facilities more cheaply. As a result, GCL-Poly could demand a higher price for the stake in its unit if the outlook for solar panel demand is low.Additionally, as Luo himself told Reuters in January, "GCL's vertically integrated business model cushioned it from the downturn in prices as its solar farms benefited from cheaper panels." Consequently, it's possible that GCL would like to weaken DQ stock and JKS stock, with whom it competes, even as it remains unscathed by its bearish statements. * 10 Companies Making Their CEOs Rich In any event, as shown below, the recent quarterly results and statements of SunPower, JinkoSolar and Daqo show that their respective stocks are actually very well-positioned going forward. Solar Stocks to Buy: SunPower (SPWR)On July 1, SunPower increased its full-year EBIDTA guidance, excluding some items, to $120 million-$140 million from its previous level of $90 million-$110 million. The company's earnings-per-share came in at 75 cents, versus a loss per share of 63 cents in the previous quarter and a huge loss per share of $3.17 in the second quarter of 2018.It deployed 622 megawatts, up from 455 NW in the previous quarter and 385 in the same period a year earlier. Revenue from its North American residential business jumped more than 30% versus Q1, and its revenue from businesses deploying solar solutions surged more than 50% versus Q1. SPWR provided guidance for revenue of $1.9 billion-$2.1 billion this year, and it expects its 2019 net loss to come in between $20 million and $10 million.The market cap of SPWR stock is $1.84 billion. As a result, if the company meets its guidance, SPWR will be closing in on profitability, while SPWR stock will have a price-revenue ratio of less than 1.Additionally, the company said that it expects to benefit from growing demand for its storage and services products, while demand for its home-based solar panels in overseas markets is already quickly growing JinkoSolar (JKS)In Q2, JinkoSolar's top line surged 14% year-over-year to over $1 billion, and its gross margin came in at 16.5%, up from just 12% during the same period a year earlier. It shipped nearly 3.4 gigawatts of solar modules, 21% higher than its year-ago total. Its prior guidance was 3.2 gigawatts-3.3 gigawatts. JKS, however, did reaffirm its previous 2019 shipment guidance of 14-15 gigawatts.Importantly, however, JKS expects China to install 40 gigawatts this year, well above Kuo's forecast. The company's gross margins tend to be higher on the modules it sells in China, so its financial results and JKS stock should benefit from strong demand from China in the second half of this year.Moreover, JKS said it expects solar to become as cheap as fossil fuels in many regions of the world this year, and it is benefiting from strong demand in many emerging nations, as well as high sales in the U.S. The forward price-earnings ratio of JKS stock is less than 8, while its market cap is less than $1 billion, making its valuation extremely attractive. Interestingly, as of June 30, Bank of America, Citi, Morgan Stanley and UBS all owned sizable amounts of JKS stock, meaning that they all consider JKS a good stock to buy. I believe that bodes very well for the outlook of JKS stock. Daqo New Energy (DQ)Daqo's non-GAAP EPS beat analysts' average outlook by 16 cents in Q2, although its top line came in slightly below the average estimate. Moreover, its polysilicon sales fell meaningfully in Q2 versus Q1, and many of its other financial metrics dropped significantly last quarter.However, DQ explained that, last quarter, it focused on increasing its production capacity and conducting its annual maintenance. In Q3, DQ expects its total production capacity to jump to 9,200-9,500 megatons of polysilicon, up from just 7,151 MT in Q2. Additionally, DQ predicts that its production cost will fall to $7.50 per KG versus $8.12 per KG in Q2.Similar to JinkoSolar, Daqo predicted that 40 gigawatts to 45 gigawatts of new solar projects will be installed in China in 2019. During the current quarter, demand for polysilicon in China will exceed supply, causing polysilicon prices to increase, DQ believes.That trend will certainly be positive for DQ's results and DQ stock. Trading at a forward P/E ratio of less than 6, DQ stock has a market cap of less than $700 million. Among its key holders as of June 30 were Morgan Stanley, Citi, State Street and Bank of America, showing that they all view DQ as a good stock to buy. As of June 30, Goldman Sachs had a small, $6 million stake in the company.As of this writing, Larry Ramer owned shares of JKS stock, DQ stock and SPWR stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Solar Stocks to Buy While Investors Underestimate Them appeared first on InvestorPlace.
SunPower's (SPWR) solar solutions to be installed in a 1.6-megawatt solar project, which will be constructed at Sony Pictures' studio in Culver City.
The S&P; 500 today closed less than 1% from its 50-day moving average after the stock market climbed broadly into the final bell.
JinkoSolar stocked edged up Friday as the China-based solar panel maker delivered second-quarter results that smashed Wall Street estimates. The company said it's "ideally positioned."
NEW YORK, NY / ACCESSWIRE / August 30, 2019 / JinkoSolar Holding Co., Ltd. (NYSE: JKS ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 30, 2019 at ...
SHANGHAI , Aug. 30, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers ...
BNB's funding multiple projects will enable Canadian Solar (CSIQ) to build one of the largest high efficiency bi-facial solar power plants in Latin America.
Only Four Companies Receive Top "AA" Rating SHANGHAI , Aug. 29, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest ...
Canadian Solar (CSIQ) secures deal to conduct plant monitoring, performance management, and preventative and corrective maintenance in the solar farms.
Editor's note: This story was previously published in June 2019. It has since been updated and republished.The fourth-quarter results of three solar energy companies -- Jinko Solar (NYSE:JKS), SunPower (NASDAQ:SPWR), and Daqo New Energy (NYSE:DQ), show that they benefited from multiple, powerful positive catalysts in Q4.These positive catalysts have helped push these solar stocks higher so far this year. In 2019, JKS stock has soared 77%, SPWR stock and DQ stock have each gained about 50%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, the companies' results and guidance indicate that their stocks should continue to advance as the ongoing, upbeat trends strengthen this year, boosting solar stocks.Among these many trends are stabilizing selling prices of solar energy products, continued decreases in the production costs of these products, stabilizing demand in China, the advent of cheaper batteries and higher-margin solar products, powerful demand drivers in the U.S. and demand increases in developing markets. * 10 Stocks That Should Be Every Young Investor's First Choice In light of these powerful, positive trends, investors should buy Jinko Solar stock, SunPower stock, and Daqo New Energy stock.Meanwhile, the valuations of all three solar stocks remain extraordinarily low, making their overall outlook extremely attractive. Jinko Solar (JKS)Q1, Jinko's revenue dropped 30% sequentially but still was up nearly 20% year-over-year. Its gross margin rose to 16.6%, excluding payments from Chinese governments, up from 14.7% in Q4. Q2 numbers are slated for release Aug. 30 and it has added more than 78% YTD.Source: Shutterstock Going forward, Jinko expects to benefit from new Chinese subsidies for both utility and residential projects. Additionally, the company is optimistic that Beijing will make more of its subsidy payments on time than in the past.And in comparison with the past, a higher percentage of solar projects in China will be cheaper than other types of energy, such as coal and natural gas, without subsidies JKS added.In the U.S., JinkoSolar is experiencing strong demand because of a recently extended 30% investment tax credit for solar projects. In order to qualify for the tax credit, projects must be launched by 2020, so developers are looking to get their projects off the ground quickly, JKS reported.The company is also seeing strong demand from Europe and developing countries in Southeast Asia, the Middle East, and South America. Given all of the strong demand and supportive government policies, JKS expects to ship 30% more modules this year than in 2018.And importantly, due partly to the strong demand for its premium solar products, JKS expects its average selling prices to be stable this year. A 30% increase in module sales, along with flat average sales prices, should produce very good results for JKS in 2019, leading to continued gains for JKS stock. SunPower (SPWR)SunPower's Q1 results were mostly weaker compared with the same period a year earlier, but they were generally much better than the company's Q4 earnings. This year's Q2 earnings were a huge disappointment, though.Source: via SunPowerOn the upside, SPWR identified multiple, strong positive catalysts that should boost the company's results and SPWR stock in the near, medium and longer terms.SPWR's Q2 revenue was $436.3 million, versus $449.1 million during the same period a year earlier. Its net loss per share of SunPower stock came in at $0.42, versus $0.01 a year earlier.SPWR expects positive trends to continue, driven by share gains in houses and businesses as it produces more lower-cost solar panels. Also likely to help SPWR stock a great deal going forward is the California mandate that all new homes include solar energy panels.This is especially true since the company is by far the market share leader in that state. Finally, SPWR expects to benefit over the longer term from selling its energy-storage solutions and other services to new and existing clients. * 7 Retail Stocks to Buy That Are Down in 2019 In the second half of 2019, SPWR expects to report break-even operating cash flow, and it says that it will be well-positioned "for sustainable future profits" heading into 2020. Daqo New Energy (DQ)Daqo's Q2 results weren't anything to write home about with misses on both revenue projections and earnings expectations.Source: Shutterstock Daqo's Q2 revenue was $65.96 million which missed estimates by more than 5%.DQ expects to sell a higher percentage of premium products this year, and it anticipates that strong demand, driven by more favorable Chinese policies, cheaper solar module prices, and powerful overseas demand, will help keep the selling prices of its polysilicon little changed.Additionally, DQ says that many of its competitors whose production prices are not as low are being pushed out of business, keeping supply expansion under control. So DQ and DQ stock, like JKS, is benefiting from the combination of lower production prices, stable prices, and strengthening demand.As of this writing, Larry Ramer owned shares of JKS stock, SPWR stock, and DQ stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back The post 3 Solar Stocks to Buy for a New Day in Solar Energy appeared first on InvestorPlace.
SHANGHAI , July 31, 2019 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers ...
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.