Following Tough Earnings, Whats Next For The Solar Theme?

Our solar panel inventory includes solar panel manufacturers, system installers and component suppliers. It's down 15 percent since the start of 2023, compared to the S&P 500, which is up about 20 percent annually. Solar stocks have weathered the Covid-19 pandemic well thanks to government stimulus measures and accommodative monetary policy, with a recent correction seen in the past year as interest rates weighed on some high-yielding stocks. Additionally, policy countermeasures, particularly changes to metering guidelines in California, the U.S. state with the largest solar installations, appear to have weighed on residential stocks. Weaker-than-expected earnings for solar power major SunPower and a recent outlook for microinverter maker Inphase Energy. ENPH And SolarEdge also has an impact on this topic.

However, solar energy has many long-term benefits. The biggest windfall for solar energy will come from the Inflationary Relief Act, which takes effect in August 2022 and provides $370 billion in grants and loans for clean energy investments. For example, the first sun FSLR U.S. efforts to increase domestic renewable energy production will be a major beneficiary. The panel maker expects to receive up to 710 million dollars this year. In addition, supply chain issues that have plagued most industries have eased this year, helping to improve supply and profits for solar panel manufacturers. Inflation has slowed and the Fed has stopped raising rates. There is still a lot of work to be done before solar energy can be introduced as an energy source. In the year According to a 2021 Energy Department study, solar will account for 40% of electricity in the U.S. by 2035, down from less than 5% by 2022.

First Solar is a top performer in this area, increasing its inventory by 33% year-over-year as the company's solar panels focus on larger projects where growth is expected. The year. On the other hand, SunPower, which focuses primarily on the residential solar business, is down nearly 50% year over year.

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