Preliminary decision announced on U.S. solar cell imports
The preliminary decision on countervailing duties on cells from companies in Vietnam, Cambodia, Malaysia and Thailand are lower than some expected for several major Chinese producers.
Sunrise brief: U.S. residential solar down 20% in 2024
Also on the rise: $1B in financing for 400 MW/1600 MWh solar-plus-storage project. Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries. And more.
U.S. residential solar down 20% in 2024
A webinar hosted by Roth Capital Partners looked at the health of the residential solar market and forecasts for next year.
New solar antidumping tariffs are on the way, said Roth
The solar industry experienced project delays and cancellations when antidumping and countervailing duty (AD/CVD) tariff enforcement threatened supply in the past. Another round may be on the way as soon as this April, said a note from Roth Capital Partners.
Slowing distributed energy growth continues into 2024
Ohm Analytics reported that the 2.3 GW of distributed generation, which includes rooftop solar, deployed in Q4 2023 marked the end of a long period of growth. Roth MKM warns that if a turnaround does not occur soon, residential solar could decline by 20% to 30% in 2024.
Solar profits drying up
The Invesco Solar exchange-traded fund (ETF) under-performed the S&P 500 and Dow Jones Industrial Average (DJIA) stock indexes in January 2024. Jesse Pichel, a managing director at Roth Capital Partners, attributes this to logistics and apparent cashflow problems for some solar companies.
Longi solar modules made from OCI polysilicon clear U.S. Customs
An industry note from Roth Capital partners said the panels were released for entry to the U.S. market.
Maxeon posts Q4 2022 revenue beat, increased shipments, stock up 44%
Maxeon module shipments of 734 MW were above ROTH MKM Partners’ estimate of 699 MW, and a 27.2% improvement over 577 MW shipped in Q4 2021.
Tigo Energy raises $50 million from L1 Energy
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
Tigo Energy to go public via Roth Capital, Craig-Hallum SPAC platform
The 15-year old solar inverter and electronics company will have a $600 million pre-money equity valuation when it goes public by Q2, 2023.
