Author: Travis Hoium

After coming down from pandemic-driven hype, solar energy stocks seem to be settling into more of a normal cycle. Shares have moved higher over the past week on strong earnings and the potential for more climate change-related incentives in the U.S.  Is this a sustainable move higher, or is the industry still too risky to buy? I think the answer is starting to become clear.  Image source: Getty Images. This time really is different The biggest change in solar over the past decade is the shift in business models. Companies like First Solar (FSLR -0.88%) and SunPower (SPWR -0.02%) once…

Read More

What happened  Shares of solar energy stocks dropped like a rock on Friday after Sen. Joe Manchin of West Virginia said he wouldn’t support additional climate change spending.  Shares of First Solar (FSLR -8.12%) fell as much as 14.2% in early trading, Sunrun (RUN -6.36%) fell 14.1%, SunPower (SPWR -3.38%) dropped 11.8%, and Enphase Energy (ENPH -1.02%) fell 11.1%.  So what  The news came out overnight that negotiations among Senate Democrats had broken down and Manchin wouldn’t support additional taxes or climate change spending in a new bill. Ironically, the text of the bill and full details hadn’t been released,…

Read More