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.
ROTH: Customs detains solar module shipment under UFLPA
Customs and Border Patrol has detained a shipment from an unnamed Tier 1 solar module supplier until the vendor provides documentation showing the source of the quartzite, the raw material for making polysilicon.
SolarEdge $590 million capital raise “expands the war chest,” said ROTH
A recent offering of 2 million shares at $295 arms the company with capital for “acquisitions and general corporate purposes.” Philip Shen, managing director, ROTH Capital Partners said in an industry note the offering was “well timed,” reiterating a buy rating.
Starting with polysilicon, full solar value chain relief is on the way, said ROTH webinar
Philip Shen, managing director, ROTH Capital Partners, hosted top analysts from PV InfoLink to discuss their outlook on pricing, supply, and demand at each step in the solar value chain.
Sunrise brief: U.S. module supply risk is ‘material,’ warns analyst firm
Also on the rise: SEIA urges an end to Section 201 tariffs on solar imports, CATL signs a battery deal with startup EV maker Fisker, and Solar Landscape wins 46 community solar projects in New Jersey.
