Real Goods Solar, Inc. (NASDAQ:RGSE) Awarded New Haven Contract

Real Goods Solar, Inc. (NASDAQ:RGSE)

Real Goods Solar, Inc. (NASDAQ:RGSE) shares gained 23.5% after Solarize New Haven selected the solar company to provide solar electricity to homes and business in New Haven, Connecticut. The campaign is to begin on October 18, 2017, and set to run through March 7, 2018. Smart Power, the nation’s leading nonprofit marketing firm, has been selected to market the campaign as it is experienced with community-based energy programs.

“We are thrilled to be joining forces with Solarize Connecticut once again for what we believe will be another successful Solarize program,” said Tom Champlin, Director of sales at RGS Energy. “We will provide our exceptional service to New Haven, supported by our 31 local Connecticut employees, based out of our 10,000 square foot, centrally located, warehouse in Bloomfield.”

Overall, Real Goods Solar, Inc. (NASDAQ:RGSE) shares have suffered in the market. RGSE stock is down by more than 70% for the year. However, the stock has shown some signs of recovery as investors react to the signing of an exclusive domestic and international license agreement with Dow Chemical Co (NYSE:DOW).

Real Goods Solar, Inc. (NASDAQ:RGSE)

RGS Energy – DOW Agreement

Under the terms of the agreement, RGS is to lead commercial activities for the POWERHOUSE solar shingles stem, developed by DOW.  The company is also to handle supply chain management, marketing, sales installation, and warranty.

The POWERHOUSE solar shingles are designed to be aesthetically more pleasing than a traditional solar array.  RGS plans to expand the network of authorized local roofers to achieve lower cost of customer acquisition as it moves to market the shingle.

The company also plans to engage in direct sales with new home builders in a bid to attract more orders. RGS will also expand its call center and digital marketing program to aggressively market the product.

“We believe that RGS is well positioned to optimize the market potential for POWERHOUSE™ 3.0 solar shingles system. The design of POWERHOUSE™ 3.0 solar shingles addresses the critical requirements of customers and installers and achieves a price point that will be very competitive,” said Kirk Thompson, Business Director of Dow Solar.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $RGSE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Real Goods Solar, Inc. (NASDAQ:RGSE) Gets Boost from Dow Chemical

Real Goods Solar, Inc. (NASDAQ:RGSE)

Real Goods Solar, Inc. (NASDAQ:RGSE) stock is up almost 300% as the market enters the last half of the trading day. RGSE shares hit resistance around $3 in mid-day trading but have since been testing the $3.20 handle. Traders jumped on news from Real Goods Solar, Inc. (NASDAQ:RGSE) that they have signed a licensing deal with Dow Chemical (NYSE:DOW) for their Powerhouse solar shingles. Volumes have been immense. Should the trend continue throughout the day, RGSE shares will trade over 450 times their normal daily average of just over 142,000 – as of this writing, over 32.7 million shares have traded.

Real Goods Solar, Inc. (NASDAQ:RGSE)

DOW Chemical’s Involvement

In 2008, DOW Chemical started an R&D effort to produce shingles that could serve as a solar panel and be directly integrated into a roof. DOW’s first efforts were installed in over 1,000 locations in 18 states. Then, in 2015, DOW switched to a lower cost solar technology which, they believed, would be more commercially viable. The new technology also had the benefit of being more efficient.

DOW Chemical has patented the new technology and it is this technology that is being licensed by Real Goods Solar, Inc. (NASDAQ:RGSE). Real Goods Solar, Inc. (NASDAQ:RGSE) has agreed to absorb all commercial aspects of the deal including supply chain management, marketing, sales, installation and warranty. It is believed that sales will commence in the first half of 2018.

RGSE Stock

Real Goods Solar, Inc. (NASDAQ:RGSE) shares, adjusted for dilution, have been battered over the past two years. In 2016 they were trading over $100 and spent much of 2016 with their shares valued at twice those levels. However, for the past few months the solar energy based company has struggled to keep its share value above $1 – typically the threshold for being listed on the NASDAQ Market.

The past year has seen RGSE stock hit a high of over $86, and a low of $0.60. Performance has, accordingly, been weak as the past year shareholders have seen, prior to today, RGSE stock lose over 98% of its value. Sales growth was impressive from 2012 through 2014 as the figure rose from $44 million to $70.8 million. Unfortunately, the company posted a disappointing $17.4 million for 2016.

As the market cap for Real Goods Solar, Inc. (NASDAQ:RGSE) is under $20 million, no firm yet follows the company and no share ratings are publicly available. But with this deal, that situation could change when revenues start hitting.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $RGSE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

SunPower Corporation (NASDAQ:SPWR) Completes Sale

SunPower Corporation (NASDAQ:SPWR)

Shares of SunPower Corporation (NASDAQ:SPWR) declined more than 6.9% in the last session after an announcement that the company had completed an asset sale transaction in Chile.

The stock pulled back 6.94% to end the regular trading session at $7.11 on a day characterized by low volume trading. As the market continued to digest the asset transaction announcement, SunPower moved up 0.14% in afterhours trading to close the day at $7.12.

The regular session losses and the after-hour’s session gains left SunPower up 7.6% since the beginning of the year and down 16.6% over the last 12 months. In the last 12 months, SunPower shares have dipped to a low of $5.84 and peaked at a high of $11.70.

SunPower Corporation (NASDAQ:SPWR)

Acquisition of switchyard

On September 25, SunPower Corporation (NASDAQ:SPWR) issued a press release stating that it had finalized the sale of the Don Héctor switchyard that links the 100-megawatt El Pelicano solar project with the Integrated Central System (SIC) of Chile.

The release said that the switchyard was acquired by Transelec S.A., the leading power transmission company in Chile. Financial details of the transaction weren’t disclosed, and this may have weighed on the stock. However, SunPower Corporation (NASDAQ:SPWR) and Transelec have undertaken investments worth $17.9 million.

Transelec is responsible for the transmission of power that lights up homes of 90% of Chileans who live between Arica and Chiloé. The company also owns 78% of the national power transmission lines in the Central Interconnected System (SIC), which is connected to the 100-megawatt El Pelicano solar project via the Don Héctor switchyard.

According to SunPower Corporation (NASDAQ:SPWR), the Don Héctor switchyard can be scaled to accommodate interconnection for future projects.

The Don Héctor lies 6.5 kilometers from the El Pelicano solar project. SPWR is developing the El Pelicano project in Chile’s La Higuera (Coquimbo Region). The project is expected to be operational by the end of 2017. When completed, the El Pelicano project will have a capacity to supply 300 gigawatt hours per year of energy. The project will serve Chile’s Metro de Santiago, the underground railway network of the city of Santiago.

Seeing value in solar power

SunPower Corporation (NASDAQ:SPWR) portrayed the acquisition of the Don Héctor switchyard by Transelec as demonstrating a view that Transelec sees value in investing in solar. Transelec sees the acquisition of Don Héctor switchyard as giving it the infrastructure necessary to transmit renewable energy as well as partake in the growth of Chile’s solar energy market.

The El Pelicano project consist of a solar power plant dubbed SunPower Oasis, which is billed as a fully-integrated, cost-effective solar deployment. SunPower Corporation (NASDAQ:SPWR) said that the SunPower Oasis features optimal land use and an efficient solar panel cleaning capability.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $SPWR and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Real Goods Solar, Inc. (NASDAQ:RGSE) Shining Bright

Real Goods Solar, Inc. (NASDAQ:RGSE)

Real Goods Solar, Inc. (NASDAQ:RGSE) has increased the quantity and quality of their sales force and the numbers have been released to show the strategy as a success since the company’s presentation at the 29th annual Roth conference. Real Goods Solar, Inc. (NASDAQ:RGSE)

Touts itself as “America’s Original Solar Company” and has its roots going back to its founding in 1978 in Northern California. Since then it has expanded its footprint into California, Colorado, Connecticut, Hawaii, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont.

Real Goods Solar, Inc. (NASDAQ:RGSE) has installed over 25,000 solar energy systems in homes, businesses, schools, and government facilities totaling over 260 megawatts of clean energy. The residential solar energy market alone is projected to grow at a 9% rate in 2017 with direct ownership projected to overtake the leasing option for the first time ever. U.S. solar PV capacity is expected to triple over the next five years.

Real Goods Solar, Inc. (NASDAQ:RGSE) has left unprofitable markets and increased the size, and training of their sales force. This was done with an eye to industry customer acquisition expenses which the company deemed too expensive to sustain and become profitable. The most surprising move was to exit the California market which they believed was saturated and suffered from anti-competitive pricing. Currently Real Goods Solar, Inc. (NASDAQ:RGSE) is the only publicly listed, residential solar company that is debt-free.

The company increased their sales force from the end of 2016 when they had six managers and 21 sales professionals to eight managers and 36 sales professionals. That move resulted in Q1 2017 sales of over $3 million compared to Q42016’s sales figure of $2.56 million. At the same time, their number of construction and support personnel actually dropped by one – from 72 to 71.

RGSE share prices have responded brilliantly. YTD RGSE shares have appreciated over 357%. Volumes for today’s trading have been heavy. RGSE has an average daily trading volume of 1.44 million but by 3 PMEST over eight million shares have traded. For some, a prime attraction is that despite that recent over-performance of the shares, the relative strength number for RGSE stands at just 50 – well below any “overbought” signal which may indicate much more upside is to come.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Can Canadian Solar Inc. (NASDAQ:CSIQ) Do Better in 2017?

Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ), like many other solar companies, had a tough year in 2016.  Can 2017 be better?

Canadian Solar is due to report its 4Q16 earnings on March 9, which might provide clues about how 2017 could turn out to be for the company. In 2016, the company struggled with tepid demand for solar panels because of a shortage of incentives to solar buyers from governments. Additionally, oversupply of panels led prices lower, making it difficult for panel manufacturers to meet their growth projections.

As a result, Canadian Solar Inc. (NASDAQ:CSIQ) posted downbeat earnings for 3Q16, its most recent quarterly report. Revenue of $657.3 million came short of consensus estimate by $28 million. Furthermore, the revenue declined 23% from a year earlier. Soft demand for panels and weak pricing environment contributed to the revenue shortfall.

That led Canadian Solar Inc. (NASDAQ:CSIQ) to report EPS of $0.27, barely in-line with the consensus estimate.

The troubles in the solar industry in 2016 were also responsible for the nearly 60% drop Canadian Solar’s share price in the year. However, in what signals a positive start to 2017, shares of Canadian Solar Inc. (NASDAQ:CSIQ) are already up more than 25% so far this year. The stock rose nearly 9% to $15.36 in the last session.

Hope for a better 2017

The gains in the stock seem to stem from investors growing more optimistic that 2017 will be a better year for Canadian Solar Inc. (NASDAQ:CSIQ). Part of the reason for optimism comes from expectations that Canadian Solar will find good market for the various projects it has earmarked for sale.

Instead of creating a yieldco, Canadian Solar said it would monetize about $2 billion worth of project assets. It has sold several projects already, including recent sale of three utility-scale solar farms to a unit of Fengate Real Asset Investments. The transaction involving the three solar farms was valued at more than $195 million. Canadian Solar said gains from the transaction will be reflected in its 1Q17 results.

But Canadian Solar Inc. (NASDAQ:CSIQ) has more assets to monetize. About $1.2 billion worth of project assets remain to be sold.

The sale of the assets will yield cash that Canadian Solar can funnel to more growth in 2017 or distribute to shareholders. The cash injection from assets monetization would also ease pressure on Canadian Solar in case recovery in solar industry remains slow in 2017.

Industry growth

Though 2016 was a tough year for solar companies, solar power industry is expected to continue growing thanks to regulatory requirements around greenhouse emissions. Falling panel prices is also expected to encourage uptake of solar power system, leading to more demand for Canadian Solar Inc. (NASDAQ:CSIQ) products and projects.

Canadian Solar Inc. (NASDAQ:CSIQ) has several projects in the pipeline.

2/21/2017
Ticker Symbol CSIQ
Last Price a/o, 4:02PM EST  $                       15.36
Average Volume (mlns)                    1.27
Market Cap (mlns)  $                  837.89
Sales (mlns) $3.30
Shares Outstanding (mlns) 54.55
Share Float (mlns) 45.25
Shortable Yes
Optionable Yes
Inside Ownership 31.00%
Short Float 12.31%
Short Interest Ratio 4.4
Quarterly Return 31.51%
YTD Return 26.11%
Year Return -26.86%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Solar Edge Technologies, Inc. (NASDAQ:SEDG) Will It Win the Shorts Battle?

Solar Edge Technologies, Inc. (NASDAQ:SEDG)

Solar Edge Technologies, Inc. (NASDAQ:SEDG) ended Tuesday’s after-hours trading session at $15.35 – up over 14% from Monday’s close. The gain was attributed to the earnings release which showed an 11.5% YoY decline in revenues, a 13.8% gain in gross margins, a 35% decrease in net income, and a 37.5% reduction in net diluted EPS. Total revenues for 2016 improved over 2015. Results missed analyst’s EPS (-$0.01) and revenue (-$4.32 million) estimates.

Solar Edge Technologies, Inc. (NASDAQ:SEDG) develops and sells solar power products and services to global commercial and residential clients. The SolarEdge system consists of inverters, power optimizers, storage solutions, and a cloud-based monitoring platform. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Israel.

2016 was a good year for the American solar industry. In terms of megawatts, the market nearly doubled its output last year. Solar energy ranked #1 in terms of new power generation and non-residential installations surpassed residential installations for the first time since 2011.

Still, investors don’t seem convinced. Solar Edge Technologies, Inc. (NASDAQ:SEDG) is among the sector’s most heavily shorted companies. According to Markit data, both Solar Edge Technologies, Inc. (NASDAQ:SEDG) and Sunpower Corporation (NASDAQ:SPWR) have 16.7 percent of their shares outstanding on loan to short sellers. Short interest in Sunpower is higher by 5 percent over the past month.

Interestingly, the day after the 2016 U.S. Presidential election, four analysts downgraded their ratings on Solar Edge Technologies, Inc. (NASDAQ:SEDG). This is likely due to the potential elimination of beneficial tax policies that the solar industry has enjoyed.

Solar Edge Technologies, Inc. (NASDAQ:SEDG) has impressive business performance over the past five years. In 2012, the company reported sales of $75.4 million and improved that figure to $489.8 million in 2016. SEDG shareholders shared in that improvement. In 2012 Solar Edge Technologies, Inc. (NASDAQ:SEDG) posted a loss of $0.73, but in 2016 EPS was and impressive $1.92.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/14/2017
Ticker Symbol SEDG
Last Price a/o 7:59 PM EST  $                    15.35
Average Volume                    687,600
Market Cap (mlns)  $                  573.66
Sales (mlns) $503.30
Shares Outstanding (mlns) 39.7
Share Float (mlns) 39.11
Shortable Yes
Optionable Yes
Inside Ownership 2.20%
Short Float 21.38%
Short Interest Ratio 12.16
Quarterly Return 8.24%
YTD Return 16.53%
Year Return -45.64%

Sky Solar Holdings Ltd. (Nasdaq: SKYS) Report Earnings and Shares Gain 50%+

Sky Solar Holdings, Ltd. – Nasdaq: SKYS

Shares of Sky Solar Holdings (Nasdaq: SKYS) rocketed this morning – at one point trading at double yesterday’s closing price. The Hong Kong based firm announced its financial results for the third quarter of 2016 ended September 30, 2016. Among the Q3 2016 highlights were: total revenue up 93.4% over same period last year; electricity revenue up 58.8% over same period last year; adjusted EBITDA up over 466% over same period last year; and a plethora of solar projects in the pipeline.

Shares of Sky Solar Holdings (Nasdaq: SKYS) ended yesterday at $1.79 but the financial release sent the shares gapping up to open at $2.81 and they reached a high of $3.62 before pulling back below $3. Average volumes for SKYS were posted at just over 37k, but today volumes are already over 6.7 million before lunch.

Sky Solar Holdings is a global independent power producer that develops, owns, and operates solar parks around the world. The company has a broad geographic reach and established solar parks in Asia, South America, Europe, North America, and Africa. Interestingly, Sky Solar Holdings (Nasdaq: SKYS) is technology agnostic and can customize its solar parks based on local environmental and regulatory requirements.

Sky Solar Holdings (Nasdaq: SKYS) sales have been erratic. In 2012 Sky Solar reported sales of $203.8 million however that figure dropped to $47.2 million for 2015. EPS for SKYS shareholders has been no less unpleasant. In 2012 Sky Solar posted an EPS of $0.49, in 2014 that dropped to a loss of $1.72, and in 2015 EPS for SKYS shares was a smaller loss of $0.03.

Two firms follow Sky Solar Holdings. They both rate shares of SKYS as a “Strong Buy” with a price target of $6.50.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

2/9/2017
Ticker Symbol SKYS
Last Price a/o 11:36 AM EST  $                      2.80
Average Volume                      37,150
Market Cap (mlns)  $      6,716,065.00
Sales (mlns) $48.60
Shares Outstanding (mlns) 47.54
Share Float (mlns) 6.03
Shortable Yes
Optionable No
Inside Ownership 0.00%
Short Float 1.62%
Short Interest Ratio 2.62
Quarterly Return -22.15%
YTD Return -19.65%
Year Return -53.70%

Amtech Systems Inc. (Nasdaq: ASYS) Reports Revenues – Shares Rocket

Amtech Systems, Inc. – Nasdaq: ASYS

Shares of Tempe, AZ-based Amtech Systems Inc have been up over 50% in today’s trading on extremely heavy volume. Amtech announced fiscal year 2017 year-to-date order bookings through January 20, 2017 are approximately $84 million. This includes solar orders of $60 million. That figure represents around one-third of their total sales for 2016 ($120.3 million).

ASYS, traded on the Nasdaq, ended yesterday at $4.11 but the news quickly sent shares to $6.17. The average trading volume for ASYS is just over 30,000 shares per day but as of 2:24 PM EST share volume was over 1,000,000 shares.

Amtech Systems, Inc. manufactures and sells capital equipment and related consumables to manufacture solar cells, LED, and semiconductor devices. Although they operate primarily in the United States, they also have operations and sales units in Asia, Europe, and internationally.

One firm follows Amtech Systems Inc. Their analysts have rated shares of ASYS as a “Strong Buy” with a price target of $8.75.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/24/2017
Ticker Symbol ASYS
Last Price a/o 1:13 PM EST  $                      5.75
Average Volume 30,100
Market Cap $52.48 million
Sales $120.3 milion
Shares Outstanding 12.77 million
Share Float 10.19 million
Shortable Yes
Optionable Yes
Inside Ownership 22.82%
Short Float 0.95%
Short Interest Ratio 3.22
Quarterly Return -7.22%
YTD Return -3.29%
Year Return -20.81%

SunPower Corp (Nasdaq: SPWR) Announces Restructuring

Market Mover Alert on SunPower Corporation – Nasdaq ticker: SPWR

SunPower Corporation, majority owned by French energy giant Total SA, is up over 15% in heavy trading today. Investors seem to be positively responding to today’s news that Sunpower Corporation will be laying off 2,500 workers and closing a plant located in the Philippines as part of a company-wide restructuring effort. The company expects the move to move it into positive cashflow for 2017.

SunPower considers itself at the forefront of solar power innovation. The company operates in the residential, governmental, and utility sectors. Its headquarters are in San Jose, California and has offices in North America, Europe, Asia, and Africa.

The industry has been experiencing pricing pressures but the company expects some relief in the latter half of 2017. SunPower Corporation said that the average price for its products had decreased 25%. This is what most analysts believe will contribute to the company’s losses this quarter – its sixth quarterly loss in a row. SunPower said it expects to incur restructuring and other charges totaling about $200 million in the current quarter and restructuring charges of $225-$275 million through the end of 2017.

Shares of SPWR reacted positively to the news and had the effect of raising the share prices of other firms in the solar energy sector. SPWR has been a component stock of the Photovoltaik Global 30 Index since 2009

Always perform your own due diligence before making any decisions regarding the buy or sale of any stock. The below data is provided without any guarantee of its accuracy.

 

Ticker Symbol SPWR
Last Price a/o 2:45 EST  $           8.06
Average Volume 3 million
Market Cap $950 million
Sales $1.9 Billion
Shares Outstanding 135.9 million
Share Float 58.6 million
Shortable Yes
Optionable Yes
Inside Ownership 0.60%
Short Float 34.70%
Short Interest Ratio 6.7
Quarterly Return -31.80%
YTD Return -76.80%
Year Return -73.60%