Solar stocks rallied after Democrats secured both houses of Congress, bolstering expectations for sustained clean energy tax policy. $TAN
Policy clarity moves:
$RUN = up 8%
$ENPH = up 5%
$SEDG = up 3%
Net margin:
$FSLR = 37.1%
SolarEdge = -20.3%
First Solar:
PEG ratio = 0.46
P/E = 10.8x
Seeking Alpha Quant Rating for SolarEdge: Sell.
Legislative support is a sector tailwind, but profitability and balance sheet strength will separate the winners.
Is First Solar the clear winner of the solar rally?
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Solar panels are so popular in Pakistan they’re being used as wedding dowries. That boom is now challenging a power sector that owes billions to China, and exposing snarls in Beijing's drive to dominate the global energy transition.
📷️: Asim Hafeez/Bloomberg
Solar panels are so popular in Pakistan they’re being used as wedding dowries. That boom is now challenging a power sector that owes billions to China, and exposing snarls in Beijing's drive to dominate the global energy transition