{"id":44393,"date":"2023-08-04T07:52:47","date_gmt":"2023-08-04T11:52:47","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/following-tough-earnings-whats-next-for-the-solar-theme\/"},"modified":"2023-08-04T07:52:49","modified_gmt":"2023-08-04T11:52:49","slug":"following-tough-earnings-whats-next-for-the-solar-theme","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44393","title":{"rendered":"Following Tough Earnings, What\u2019s Next For The Solar Theme?"},"content":{"rendered":"
\n

Our theme on Solar Stocks<\/strong> \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date in 2023, compared to the S&P 500 which has gained about 20% over the same period. While solar stocks fared well through the Covid-19 pandemic driven by the government stimulus and easy monetary policy, they have corrected recently as rising interest rates over the last year or so impacted high multiple stocks. Moreover, policy-related headwinds, namely the changes to the net metering policy in California – the U.S. state with the largest solar installations – appear to have impacted stocks that are dependent on the residential market. Weaker-than-expected earnings from residential solar major SunPower and tough near-term guidance from microinverter suppliers Enphase Energy
\n ENPH
\n <\/fbs-ticker> and SolarEdge have also impacted the theme.<\/p>\n

That said, there are multiple long-term positives for the solar sector. The biggest tailwind for the solar industry comes from the Inflation Reduction Act, which was signed into law in August 2022 and carries about $370 billion in subsidies and credits for clean energy investment. For example, First Solar
\n FSLR
\n <\/fbs-ticker> will emerge as a big beneficiary of the U.S. efforts to encourage domestic renewables production, with the panel maker expecting to receive as much as $710 million this year in subsidies. Moreover, supply chain snags that hit most industries have also been easing this year and this could help improve supply and margins for solar manufacturers. Inflation has been cooling and the Fed has also paused its interest rate hikes. There also remains a long runway for the uptake of solar as an energy source. A 2021 study by the Energy Department indicated that solar could account for 40% of electricity generation in the U.S. by 2035, up from less than 5% in 2022.<\/p>\n

Within the theme, First Solar has been the strongest performer, with its stock rising by 33% year-to-date, as the company\u2019s residential panels cater more to utility-scale projects, which are expected to fare a bit better this year. On the other side, SunPower, which is largely focused on the residential solar business, has been the weakest performer, with its stock declining by about 50% year-to-date.<\/p>\n

What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a value portfolio<\/strong> that\u2019s done much better than the market since 2016.<\/p>\n

<\/fbs-ad><\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date in 2023, compared to the S&P 500 which has gained about 20% over the same period. While solar stocks fared well through the Covid-19 pandemic driven by the government stimulus and easy […]<\/p>\n","protected":false},"author":1,"featured_media":23068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-44393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nFollowing Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44393\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Following Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=44393\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-04T11:52:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T11:52:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686848810_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44393#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44393\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Following Tough Earnings, What\u2019s Next For The Solar Theme?\",\"datePublished\":\"2023-08-04T11:52:47+00:00\",\"dateModified\":\"2023-08-04T11:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44393\"},\"wordCount\":405,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44393#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44393\",\"url\":\"https:\/\/ifintechworld.com\/?p=44393\",\"name\":\"Following Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-04T11:52:47+00:00\",\"dateModified\":\"2023-08-04T11:52:49+00:00\",\"description\":\"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44393#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44393\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44393#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Following Tough Earnings, What\u2019s Next For The Solar Theme?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Following Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld","description":"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=44393","og_locale":"en_US","og_type":"article","og_title":"Following Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld","og_description":"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date","og_url":"https:\/\/ifintechworld.com\/?p=44393","og_site_name":"iFintechWorld","article_published_time":"2023-08-04T11:52:47+00:00","article_modified_time":"2023-08-04T11:52:49+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686848810_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=44393#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=44393"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Following Tough Earnings, What\u2019s Next For The Solar Theme?","datePublished":"2023-08-04T11:52:47+00:00","dateModified":"2023-08-04T11:52:49+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=44393"},"wordCount":405,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=44393#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=44393","url":"https:\/\/ifintechworld.com\/?p=44393","name":"Following Tough Earnings, What\u2019s Next For The Solar Theme? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-04T11:52:47+00:00","dateModified":"2023-08-04T11:52:49+00:00","description":"Our theme on Solar Stocks \u2013 which includes solar panel manufacturers, systems installers, and component suppliers \u2013 has declined by about 15% year-to-date","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=44393#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=44393"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=44393#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Following Tough Earnings, What\u2019s Next For The Solar Theme?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44393"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44393\/revisions"}],"predecessor-version":[{"id":44394,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44393\/revisions\/44394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/23068"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}