You see them almost everywhere: rooftops, along highways, downtown buildings, in the desert, landfills, retired coal power plants (no one else wants the toxic land), suburban landscapes, and elsewhere. Solar panels are now becoming an accepted part of the scenery. It’s likely just the beginning.
Read the article Solar Is Booming: Here Are 3 Smart Growth Picks
So far in 2019, the $344 million Invesco Solar ETF (TAN), a renewable energy ETF that tracks the global solar power industry, has risen a whopping 45.1%. In contrast, the SPDR S&P 500 ETF Trust (SPY) has risen 15.9%.
With natural gas prices on a downward slide and the Trump administration devoted to supporting the domestic fossil fuel industry, the fact that a solar power ETF has outperformed all other ETFs is surprising, to say the least (read: “ETF Of The Week: Solar Fund Shines“).
Read Full Article…
Petaluma-based solar power manufacturer Enphase Energy Inc. (Nasdaq: ENPH) announced its fourth-quarter financial results Tuesday, posting a significant increase in revenue over the previous quarter and moving into the black for the final period of 2018.
In all the years of following Enphase Energy (ENPH), their upcoming earnings call should be one of the most exciting, especially considering recent events. Many loyalists are eagerly anticipating news of Enphase’s 8th-generation “IQ8 Ensemble.” This revolutionary new product suite will give solar systems “battery-less” microgrid capability and true grid-agnostic, energy freedom; it will further provide the impetus to upgrade for millions of customers whose aging solar PV systems do not have that capability.
Shares of Enphase Energy (NASDAQ:ENPH) jumped nearly 53% last month, according to data provided by S&P Global Market Intelligence. The provider of microinverters and energy storage products didn’t gain on any specific day for any specific reason, but rather recovered from a poor finish in 2018. While many stocks sank in December, investors suffered through a more prolonged slump with Enphase Energy. The company’s shares slid 30% in the second half of last year.
Enphase Energy, whose solar panels were subject to tariffs, spoke of the need to move manufacturing out of China at its analyst day in August. A month later, it announced an expansion in Mexico with contract manufacturer Flex.
Sunpro Solar, one of the leading providers of rooftop solar for the Gulf Coast and Southeast regions, has chosen Enphase to be its exclusive inverter supplier. Sunpro Solar is one of the fastest growing home solar service providers in the U.S. and was just ranked #11 for 2018 Solar Power World Magazine’s Top Solar Rooftop Contractors nationwide.
GTM Research predicts the integrated smart and AC module market will reach 1 GW by 2020, likely led by Enphase’s efforts. The microinverter manufacturer recently increased its support for AC modules rather than just stand-alone inverters. Enphase’s new IQ line of microinverters were specially designed for AC modules and the company is racking up the panel partnerships.