Jim Chanos, a prominent short seller, discussed his view on Tesla in a recent interview with CNBC. He has a short bet on Tesla (TSLA) and said, “we think the equity is worthless.”
In 3Q17, Vivint Solar (VSLR) posted $34.7 million as its cost of revenue for its operating leases and incentives, higher than the $33.8 million in 2Q17 but lower than the $39.3 million in 3Q16.
Jim Chanos, the billionaire investor and a well-known short seller in the hedge fund industry, said at the Delivering Alpha Conference on Tuesday, September 12, 2017, that he is continuing his short position in Tesla (TSLA).
On June 21, Tesla revealed its intentions to acquire SolarCity. On June 22, Tesla’s stock closed at $196.66 with a massive loss of 10.5% during the session.
For the coming quarter, analysts expect Sunrun’s (RUN) revenue to be ~$130 million, and they expect significant improvement in company revenue in the latter half of 1H17.
Sunrun (RUN) announced its 3Q16 earnings results on November 10, 2016, after market hours. Sunrun reported earnings per share of $0.16, compared to analysts’ consensus EPS estimate of -$0.20.
Vivint Solar (VSLR) reported $39.3 million in operating leases and incentives revenue costs for 3Q16 compared to $38.5 million in 2Q16 and $37.6 million in 3Q15.
Tesla Motors (TSLA) is set to acquire SolarCity in an all-stock transaction. SolarCity’s shareholders will receive 0.11 shares of Tesla Motors for each share of SolarCity.
Vivint Solar reported its total cost per watt as $3.34 for 1Q16 compared to $3.12 in 4Q15. Uncertainty about its net metering system increased customer acquisition cost.
Vivint Solar (VSLR) reported $17.2 million in consolidated revenue for 1Q16 and $16.1 million for 2Q15. Analysts estimate 2Q15 revenue of $25.0 million.
Stock picks from the healthcare sector are primarily responsible for FBGRX’s poor showing YTD. Allergan has hurt the sector, with Regeneron and Celgene.
As of March 31, 2016, SolarCity (SCTY) had about $3.2 billion in consolidated debt on its books. Of the $3.2 billion, ~$1.5 billion was total recourse debt.
The downstream solar business is all about capturing market share. Because the solar lease contracts and power purchase agreements typically last for 20 years, a company with higher market share in the mature stage could get more revenue than the company with lower market share.
In this series, we will perform a comparative analysis of downstream solar companies’ 1Q16 earnings and SunPower’s downstream operations. We will take a close look at its management’s guidance and analyst expectations for 2016.
Sunrun (RUN) announced its 1Q16 earnings results on May 12, 2016. In this series, we’ll look at the 1Q16 results, compare them with analysts’ estimates, and see the factors behind deviations.
Of the eight analysts covering Sunrun (RUN) stock, six analysts, or 75%, gave the company a “buy” rating. Two analysts, or 25%, rated it a “hold.” There weren’t any “sell” rating on Sunrun’s stock.
The much-debated issue of net metering saw an interesting development this week when six New York utilities and three solar companies proposed a solution.
Downstream solar players like SolarCity (SCTY) depend on a wide variety of state and federal tax credits, incentives, and rebates to expand their businesses.
Business expansion is crucial for companies like SolarCity, which intends to expand its presence via partnerships with homebuilders and industry leaders.
The downstream solar business is capital intensive and requires companies like SolarCity to hold huge upfront capital for the sale of products and services.
SolarCity began its journey in 2006, with a vision to provide renewable energy to residential and commercial customers at a price lower than utility rates.
ITCs (investment tax credits) are dollar-for-dollar reductions on income taxes. These apply to the residential and commercial deployment of solar systems.
SolarCity was founded in 2006 with the initial focused on selling, financing, and installing solar energy systems for residential and commercial customers.
One out of four analysts covering Vivint Solar (VSLR) has rated the stock a “buy,” two analysts rated the stock a “hold,” and one analyst recommends a “sell” for the stock.
The elimination of net metering system in Nevada affected the expansion plans of Vivint Solar and also led to the market exit of its peers Sunrun and SolarCity.
Vivint Solar intends to expand its presence in existing solar markets and penetrate into new markets by leveraging its brand presence and customer base.
ITCs (investment tax credits) are a dollar-for-dollar reduction on an income tax bill. It is applicable to both residential and commercial deployment of solar systems.
Vivint Solar has witnessed rapid growth since inception with installed capacity reaching 129.7 megawatts as of June 30, 2014. The company went public on October 1, 2014.
Unlike its peers, Sunrun is building an open platform of services and tools to provide a differentiated customer experience and, at the same time, gaining a wide customer base.
On March 10, 2016, Sunrun launched a new product, BrightBox. It is the first time that the company will be offering energy storage facility to homeowners.
In February 2014, Sunrun (RUN) acquired the residential business of REC Solar, AEE Solar, and SnapNrack from Mainstream Energy Corporation for $78.8 million.
Investment tax credits are dollar-for-dollar reductions in an income tax bill. It is applicable to both residential and commercial deployment of solar systems.
Extension of ITCs for investments in solar energy has been key for the rapid expansion of downstream solar companies like Sunrun, Vivint Solar (VSLR), SolarCity (SCTY), and SunPower (SPWR).
Sunrun was co-founded in 2007 as a startup by Ed Fenster and Lynn Jurich, with an aim to create worldwide use of solar energy. It began offering solar services in 2008.
The business model of downstream solar players like Vivint Solar generate income over the term of customer agreements, which typically last for 20 years.
FuelCell Energy (FCEL) is trading 42% below its 100-day moving average, as of yesterday’s close. In comparison, SolarCity (SCTY) is trading 25% below its 100-day moving average.
Wall Street analysts’ consensus estimates suggest a whopping 112% upside for renewable energy companies FuelCell Energy, Solar Energy, Power Plug, and EnerSys.
Clean energy was one of the important issues in the Paris Climate Agreement. Fuel cells produce clean energy from a chemical reaction between anodes and cathodes.
Experts think that OPEC (Organization of the Petroleum Exporting Countries) already sees the threat from solar and other non-fossil fuel energy sources.
The cash flow is an important part of a company’s financials. Lower cash flows increase a company’s chances of being caught in a vicious cycle of debt raising and refinancing.
Experts don’t expect the low interest rate scenario to continue in 2016. It’s important to understand the different financials related to the interest rate scenario.
Plug Power (PLUG) and SolarCity’s (SCTY) sales grew by 140% and 56% on a YoY (year-over-year) basis in fiscal 3Q15. Their gross profit grew by 56% and 99%.
People want to move with technology. Technology requires power in order to run. So, fuel cells and solar energy will be a form of energy in the future.
First Solar (FSLR) rose 5.7% yesterday after 195 nations attending the Paris climate change conference reached a historic agreement to cut emissions to address climate change.
Linking climate change to investment risks may indeed be a smart move by investors. The decarbonizing of the world is bound to have adverse effects on fossil fuel (IEO) (GUSH) and energy companies.
