Wall Street investors can learn a lot about long term investing in the solar sector by watching the stock price and fiscal performance of leader Sunrun (NASDAQ: RUN). The company’s Q1 volume beat estimates by 48% but its loss was greater than expected, and short term shareholders suffered a 21% drop in the past month. But long term holders of RUN can smile. This stock is up 330% over the past five years. Solar Integrated Roofing Corp. (OTC PINK: SIRC) focuses on alternative energy including solar.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Sunrun, Inc.’s (NASDAQ: RUN) Q1 Volume Beats Estimates As Share PriceDown 21% In Past Month, But Long Term Holders Are Grinning Because its Stock Is Up 330% Over The Past Five Years — A Positive Sign For Solar Sector; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Alternative Energy Including Solar
The lesson for investors is to watch the performance of the solar sector for the long term — especially in the future years as alternative, green energy gains momentum. Short term, headwinds cut potential profitability. But in multi-years, investors can look forward to a significant gain in valuation as those headwinds turn into tailwinds — such as government grants for public companies involved in rooftop solar systems and larger installations.
One reason is that key states are now re-evaluating how solar owners can be compensated for their solar systems generating excess electricity for central grids. As utilities — especially in California — now fear rolling blackouts and other disruptions in delivering service to their ratepayers, solar owners can help.
Suddenly, the net metering policy changes envisioned earlier this year to the trimmest of solar homeowners are being reevaluated. Utilities and their government commissions in California want as much excess solar-generated electricity as they can get.
In that context, rooftop solar is suddenly a treasured buy again. It is attractive because it offers an eight year buyback period — and protection from rolling blackouts envisioned for this summer. Sunrun, Inc.’s (NASDAQ: RUN) Q1 Volume Beats Estimates As Share Price Down 21% In Past Month, But Long Term Holders Are Grinning Because its Stock Is Up 330% Over The Past Five Years — A Positive Sign For Solar Sector; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Alternative Energy Including Solar
According to a new analysis of the solar stock market, the guru focus site has selected five of the top growth stocks in the sector — measured by profitability, past growth, financial strength and momentum. They are: Sunrun Inc, (NASDAQ: RUN) Enphase Energy Inc, (NASDAQ: ENPH), SolarEdge Technologies, (NASDAQ: SEDG), First Solar, Inc, (NASDAQ: FSLR) and Canadian Solar, Inc., (NASDAQ: CSIQ).
Solar is seen growing again and SIRC is well positioned to take advantage of that energy sector’s increases.
Overall, North America, with all its solar initiatives, will lead a 13.8% CAGR spike in concentrated solar market size now through 2030, a new study by Precedence Research Shows. As a result, worldwide solar growth will hit $133.43 billion by 2030. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) is committed to solar alternative energy and carbon capture. SIRC is successfully involved in solar and electric car EV Charging Stations and is in the midst of applying to FINRA to change its corporate name in SolarEV.
SIRC’s core business is installation of solar systems as well as rechargeable solar batteries. David Massey, CEO, recently spoke of the footprint as a brand in more than 40 states as SIRC grows. He adds that SIRC families work together to identify more revenue streams.
SIRC plays an important role in the growth of solar by selling an installing customized solar systems with rechargeable solar batteries that retain excess solar electricity generated during the daytime and either selling it the centralized utility electrical grid — or conserving it for future use by the solar owner.
SIRC now sells and sells storage and sophisticated management components from Enphase (NASDAQ: ENPH) or even rechargeable Tesla (NASDAQ: TSLA) rechargeable solar battery PowerWall units.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) core business is installation of rooftop solar — which this Report says is a long term thriving industry. Installation for solar panels will grow at a 7.3% CAGR rate from 2020-2026. Sunrun, Inc.’s (NASDAQ: RUN) Q1 Volume Beats Estimates As Share Price Down 21% In Past Month, But Long Term Holders Are Grinning Because its Stock Is Up 330% Over The Past Five Years — A Positive Sign For Solar Sector; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Alternative Energy Including Solar
High demand for rooftop solar will drive installation sales through at least 2026 by at a 7.3% fast CAGR, the recent report shows. The solar industry, like other construction specialties, is exposed to supply chain shortages, price hikes, pandemics/variants and all kinds of impediments. Yet, consumer demand for more solar installations will drive its future at least through 2026, it finds.
SolarSage found that there were 13% more battery storage systems installed in the second half of 2021. First and foremost, some 69% of solar buyers want backup power for their solar systems — and 51% want to achieve savings on utility rates. Financial considerations and savings are key to making solar purchase decisions.
The 14th study of the Solar Marketplace Intel Report reports that 34% of solar rooftop systems are bought for self-supply reasons. So, increasingly, solar residential systems are purchased: 1) to beat utility price points; 2) to create backup power; 3) for self supply; and to live completely off the grid.
Sunrun, Inc.’s (NASDAQ: RUN) Q1 Volume Beats Estimates As Share Price Down 21% In Past Month, But Long Term Holders Are Grinning Because its Stock Is Up 330% Over The Past Five Years — A Positive Sign For Solar Sector; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Focuses On Alternative Energy Including Solar
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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