The resounding victory by the democrats in this election cycle is poised to change the game for the renewable energy industry, with analysts anticipating more than twice as much government money invested in the space as we saw go into the space race five decades ago (in real dollars).
That has the industry and its investors charged up with fresh sunshine. So, don’t fight the wind and tide. The false tension between investor value and environmental sustainability may finally be in the past.
With that in mind, we take a look at a few of the more interesting names in the solar energy space today, including: SunPower Corporation (NASDAQ: SPWR), Green Stream Holdings Inc. (OTC US: GSFI), and First Solar Inc. (NASDAQ :FSLR).
SunPower Corporation (NASDAQ: SPWR) bills itself as a company that researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant.
The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors. It also offers commercial rooftop and ground-mounted solar power systems, and residential mounting systems, as well as utility-scale photovoltaic power plants. In addition, the company provides post-installation operations and maintenance services.
SunPower Corporation (NASDAQ: SPWR) recently announced the election of Suzanne Leta, head of policy and strategy, to the executive committee of the Solar Energy Industries Association (SEIA) Board of Directors.
“Without question, 2021 is shaping up to be another exciting year for solar and energy storage,” said Abigail Ross Hopper, President and CEO of SEIA. “Suzanne’s expertise, energy and dedication will be an instrumental part of our ability to meet SEIA’s goals in the Solar+ Decade. SEIA has already benefited from Suzanne’s involvement over the years, and together we will advance aggressive clean energy goals and invest in modern infrastructure and a diverse workforce.”
Even with that news, the action hasn’t really heated up in the stock, with shares moving net sideways over the past week.
SunPower Corporation (NASDAQ: SPWR) pulled in sales of $274.8M in its last reported quarterly financials, representing top line growth of -42.3%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($341.3M against $754.3M, respectively).
Green Stream Holdings Inc. (OTC US: GSFI) sees “a new era for Renewable Energy and its Solar Utilities/Financing model as stocks rise in advance of the inauguration of Joe Biden as the 46th President of the United States,” according to its most recent release.
The Company’s next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products.
Green Stream Holdings Inc. (OTC US: GSFI) most recently announced the appointment of Mr. James C. DiPrima as the new corporate Chief Executive Officer. Mr. James C. DiPrima has a Bachelor of Science in Business Administration from Creighton University, Omaha, Nebraska. His career includes 40 years of finance and accounting in both the public and private sectors beginning his career at Deloitte & Touche.
“I am eager to expand the already existing opportunities that Green Stream’s innovative solutions will provide to commercial solar energy markets on the East Coast. There is unlimited potential in this segment of the renewable energy space,” commented James C. DePrima, CEO.
Shares of GSFI have been on fire of late, ripping over 200% higher since late December, breaking above the 200-day MA. The move has taken it to new six month highs on rising volume as interest picks up in the solar space.
Green Stream Holdings Inc. (OTC US: GSFI) has yet to begin booking revenues, but the company has put in place a fertile pathway to potential strong results in the future given its positioning and range of projects in one of the most promising market spaces for investors over coming years.
First Solar Inc. (NASDAQ: FSLR) frames itself as a supplier of PV solar modules. In fact, it identifies itself as the world’s largest thin-film PV solar module manufacturer and one of the world’s largest PV solar module manufacturers.
The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation. First Solar’s thin-film technology is cheaper to make and generates more solar electricity than a number of its competitors.
First Solar Inc. (NASDAQ: FSLR) recently announced that it has entered into a Purchase and Sale Agreement with Leeward Renewable Energy Development, LLC pursuant to which Leeward will acquire from First Solar a utility-scale solar project platform of approximately 10 gigawatts (GW)AC. The transaction is expected to close in the first quarter of 2021, after obtaining regulatory approvals and satisfying customary closing conditions.
According to the release, Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans. Upon closing of the transaction, Leeward will acquire the US project platform, which includes the Rabbitbrush, Madison, Oak Trail, Horizon, and Ridgely projects that are expected to commence construction in the next two years, as well as the 30 MWAC Barilla Solar project, which is operational. First Solar will retain 1.1 GWAC of projects in the US that are expected to be sold separately. Key members of the First Solar project development team are also expected to join Leeward upon closing.
The stock has suffered a bit of late, with shares of FSLR taking a hit in recent action, down about -6% over the past week.
First Solar Inc. (NASDAQ: FSLR) pulled in sales of $927.6M in its last reported quarterly financials, representing top line growth of 69.6%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($1.6B against $731.1M).
DISCLAIMER: EDM Media LLC (EDM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. EDM is NOT affiliated in any manner with any company mentioned herein. EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. EDM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. EDM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed EDM has been compensated eleven hundred dollars for news coverage of the current press releases issued by Green Stream Holdings Inc by a third party
EDM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and EDM undertakes no obligation to update such statements.
EDM Media LLC