19.83 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||19.49 x 800|
|Ask||19.83 x 800|
|Day's Range||19.21 - 20.83|
|52 Week Range||7.11 - 24.84|
|Beta (3Y Monthly)||2.43|
|PE Ratio (TTM)||15.41|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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.
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.
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.
JinkoSolar (JKS) supplies solar modules to I+D Energias. This is expected to expand the company's footprint in the solar market of Hungary.
Zacks.com featured highlights include: Party City, JinkoSolar, Legg Mason, SYNNEX and American International
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