Solar stocks rocket higher on Day 2 of the post-Fed meeting rally

Solar stocks rocket higher on Day 2 of the post-Fed meeting rally

December 14, 2023 | Daily JAM, Jubak Picks, RUN, SEDG, Stock Alerts | 1 comment

Among today’s big stock market winners today: SolarEdge Technologies (SEDG), the biggest maker of inverters used in turning sunlight into electricity, closed up 16.67%, and Sunrun (RUN), a leader in the installation of residential solar systems, closed up 19.92%. This rally had absolutely nothing to do with any news out of the recently ended COP28 United Nations Climate Conference. It was a pure reaction to the signs in yesterday’s Dot Plot from the Federal Reserve that the central bank was looking to cut interest rates at least three times in 2024. Makes perfect sense.

Solar stocks rocket higher on Day 2 of the post-Fed meeting rally

Solar cell breakthrough as 30% efficiency barrier falls

July 7, 2023 | Daily JAM, Millennial, SEDG, Top 50 Stocks | 2 comments

This breakthrough in solar power isn’t enough to stop global warming by itself, but it sure is enough to upend the entire energy sector within the next five years. Multiple research groups (and “multiple’ is important here because it means there’s more likelihood that the lab results will hold up to scrutiny. Two groups published the details of their efficiency breakthroughs in the journal Science on Thursday, and at least two others are known to have pushed well beyond 30%.) have reported a breakthrough that will push the efficiency with which solar cells convert sunlight to electricity through the 30% level that has been thought to mark the maximum conversion of sunlight to electricity.

Solar stocks rocket higher on Day 2 of the post-Fed meeting rally

Amazingly in this sell off, I think many investors are getting it right on picking “Green” stock winners and losers in days after the Manchin “No”

December 20, 2021 | Daily JAM, Short Term | 0 comments

I’ve learned over the years never to think that a piece of legislation is dead until I’ve seen its proponents cut off its head and bury it at a cross roads with garlic around its neck and a stake through its heart. But I’d certainly entertain the idea that the Biden administration’s Build Back Better plan is dead at the hands of West Virginia Democratic Senator Joe Manchin. And that defeat for Build Back Better means a huge set back in efforts to put the U.S. economy on the right side of the battle to temper global climate change. So today’s sell off of companies looking toward federal spending to accelerate growth in those sectors makes perfect sense. Other “Green” stock either didn’t fall or actually rose because growth for those companies isn’t dependent on government subsidies.