Solar

Considering the generally high cost of air conditioning, the fact that New Mexico has the lowest average monthly energy bill of any state may come as a surprise. But perhaps more surprising is that its trick isn’t living by candlelight or killing the cooling system. It’s living by coal...

After reports surfaced earlier this month that President Donald Trump is considering covering his proposed border wall with Mexico in solar panels, solar investors finally got to hear the words right from the horse’s mouth this week. On June 21, Trump told supporters in Iowa that a “...

The Guggenheim Solar ETF (NYSE: TAN), the largest exchange-traded fund dedicated to solar stocks, is up a solid-though-not-spectacular 4.4 percent year-to-date. TAN's 2017 performance, at least to this point, belies some encouraging solar industry fundamentals. Talking About TAN TAN holds 28...

India’s Central Electricity Regulatory Commission proposed a 70-percent cut Monday in the cost of renewable energy certificates from $0.05 per kilowatt-hour to $0.015 per kilowatt-hour — and Axiom Capital’s Gordon Johnson said it’s not necessarily good news. “Given...

Shares of First Solar, Inc. (NASDAQ: FSLR) tumbled more than 7 percent on Wednesday after the company's earnings report suggested the solar energy company and the overall solar market will see further gloom ahead as evidenced by its poor guidance. In a research report following First Solar's...

The Guggenheim Solar ETF (NYSE: TAN) stumbled last year, but the largest solar exchange-traded fund is showing signs of shaking out of those doldrums. Year-to-date, TAN is higher by more than 7 percent, and with a move of just over 5 percent, the ETF will reclaim its 200-day moving average. TAN,...

Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...

Barclays’ Jon Windham believes the robust growth prospects of the internally developed solar projects of Azure Power Global Ltd (NYSE: AZRE), along with support from favorable policy, would drive rapid year-on-year increases in new solar installations in India. Windham initiated coverage of...

President-elect Donald Trump has never shied away from offering glimpses of what his energy policy would look like. Gordon Johnson, a notable solar analyst, cited the U.S. election results as one of a small handful of reasons why he downgraded the entire solar sector to Market Underweight with a...

Gordon Johnson of Axiom Capital, a notable solar analyst, downgraded shares of SolarCity Corp (NASDAQ: SCTY) to Sell from Hold with a $16 price target. Johnson's downgrade comes a day before the proposed Tesla Motors Inc (NASDAQ: TSLA)–SolarCity merger will be voted on by shareholders. The...

Hillary Clinton’s defeat in the run for U.S. presidency represents an “incrementally negative” for the alternative energy space, mainly due to the “loss of policy support that had been likely” in case she had won, Barclays’ Jon Windham said in a report. Although...

It is a contrasting performance of the two companies that made debut on the two stock exchanges on Wednesday. While Azure Power Global Ltd (NYSE: AZRE) traded down below the IPO price, Extraction Oil & Gas, LLC (NASDAQ: XOG) traded well above the IPO price. Azure Power is a solar power seller...

One of Wall Street's biggest solar stock bears suddenly changed his tune Thursday. Axiom Capital Managing Director Gordon Johnson upgraded the entire alternative energy sector from Market Underweight to Market Overweight and upgraded SolarCity Corp (NASDAQ: SCTY) from Sell to Hold and Trina...

It may be time for solar stocks to emerge out of the doldrums and bask under the glorious sunshine. Gordon Johnson of Axiom Capital, who was decisively bearish on solar stocks, is revisiting his call and upgraded a few prominent names in the sector. Bear Way Back From 2008 Back in October 2008, the...

SunPower Corporation (NASDAQ: SPWR) charged higher Wednesday up nearly 6 percent as Deutsche Bank weighed in on some frequently asked questions on the clean energy technology company. Despite the jump in share price, an increasingly competitive pricing environment surrounding clean energy...