Have Solar Energy Stocks Finally Hit Rock Bottom?

Solar energy stocks have had a terrible 18 months as rising interest rates and policy changes hurt both demand and profitability across the industry. But there may be some tailwinds in 2024 as the industry adjusts to a new normal. In this video, Travis Hoium covers why investors should be optimistic about residential solar energy stocks in 2024. 

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A portion of this video is sponsored by The Motley Fool.

[hypestonks]

Here from the future... To answer the question, they are not at rock bottom.

[lv]

On the one hand, I think it's probably a good time to get in, because you want to get in when times are tough, not when the company is at all-time high's. On the other hand, I'm worried about what the obvious positives of lower interest rates (which are still to come), lower equipment costs, etc. will do on the competition front...While these companies have no moat, they have a competitive advantage in their scale and ability to raise substantial money through equity financing, which smaller companies lack. Still, what will happen with increased solar installer competition? How much will that squeeze margins?

[Klon]

Great insight! I was wondering how high do you think is the chance that sunnova could go bankrupt? I dont think that they can survive the high interest rates much longer..

[amsterdam]

Hi. Good video ✌️
I am new to this sector and i dont understand so much focus on interest rates. Installations costing 50k doesnt seem that much for a household especially considering economic benefits. Arent you ignoring people who can just pay whole principal upfront?!

[macuser]

Would be interested to hear more about earnings per share for these top solar stocks and their growth potential in the coming years since that would ultimately drive stock prices up.

[mdrx]

There has been a lot of price resets in the first quarter of the year. It has happened the same in the last years... i think inflation and interest rates will come down starting by the next quarter. If this is right, I would bet on the most overvalued, which I think is Sunnova.

[andyscardhaven]

Does the recent CPI print concern you, especially with the prospect of interest rates either A) Not coming down or B) possibly rising?

[cm-gwyb]

meyer burger will make people rich. there was big panic and stock dropped from 0.60 to 0.01. im buying much for 0.01

[wernerbro]

I have good news for you.

I just sold canadian solar at 16, 13 to get into CLSK at 15.40.

So now will canadian solar probably run upwards xD

[dfant]

All THREE companies Lose Money??? millions $$$ or Billions? why not buy a Profitable Solar Power Company?
CSIQ Canadian Solar earns almost $4 per share on a $15 stock??? there is DEBT on the balance sheet but somehow they own Solar Power Projects... No idea if owning a Solar Power PLANT makes any SENSE but it appears to make

[TheRustyLM]

EVs are over.
But solar panels may have a future if they can figure out the storage.