Dimming the Lights

Last year I made the case for solar stocks.  I was reasonably optimistic about the long-term prospects for the industry and thought stock prices looked meaningfully undervalued.   I got lucky timing-wise because solar stocks were up 54% in 2017 -- that much I did not expect. Source: etfreplay.com Of course, I'm not complaining. But valuations … Continue reading Dimming the Lights

Looking for Bright Spots

Seems like everybody hates solar stocks.  They're down big, but with reason.  Earnings have been dismal and financials have been deteriorating. Prominent names like Solar City and Sun Power are simultaneously burning through cash and piling up debt. Adding insult to injury, two years of capitulating oil prices have softened demand for alternative energy.   … Continue reading Looking for Bright Spots

Is it Time to Go Solar?

SolarCity is up by more than 535% since its IPO. Since the company is still reporting losses, it's easy to think that its stock is expensive. However, there are some unique challenges to understanding what SolarCity is worth. Here are two issues to consider when trying to value the stock. Reported earnings versus reality In 2008, … Continue reading Is it Time to Go Solar?