#CLEANSPARK COMPETITORS SOFTWARE#

Generac Holdings ( GNRC, $425.87) has grown handsomely selling backup generators to consumers who have become more attuned to and proactive toward power outages. Meanwhile, operations last year threw off about $216 million in cash, while capital expenditures were modest at about $25 million. It's sitting on about $1.7 billion in cash, and while long-term debt is just over $900 million, the current portion is only $85 million. While sales grew an impressive 46% year-over-year, earnings declined and ENPH reduced its second-quarter outlook based on semiconductor shortages and supply chain interruptions.īut things have improved for the stock since then, thanks to a Q2 report that saw earnings more than triple to 53 cents per share, which easily beat estimates for 43 cents.Įnphase should be able to weather any near-term headwinds. Shares of the solar stock dropped from around $215 per share in February to about $115 in mid-May, thanks in part to Enphase's first-quarter report. Estimated average annual global growth for microinverters through 2025 is 21% versus about 15% for string inverters, according to Research and Markets, a market research firm.įor investors who believe in the underlying fundamentals of the solar market and who are looking to buy the dips, Enphase might be the stock for you. Though microinverters cost more, the market for them may grow faster because they can be more responsive to site-specific conditions. Unlike 'string converters' made by SolarEdge, which draw power wholesale from all the panels in an installation, Enphase sells microinverters, which draw energy from individual panels as needed or as conditions allow, and, as a result, can be more efficient. While renewable energy policies have been wobbly, a progressive administration coupled with 37 states that have renewable energy targets offers a good setup for sales and earnings growth.Ĭonsensus estimates for SolarEdge Technologies' adjusted fiscal 2021 earnings are $5.09 per share, which, if realized, would represent a 24% improvement from 2020 – a pretty nice bump.Įnphase Energy ( ENPH, $172.91) also manufactures inverter systems. This should be of little concern for longer-term investors looking at solar stocks.įirst, SEDG is sitting on just over $680 million in cash and marketable securities as of June 30, with only a few hundred thousand dollars in debt due this year. Next, cash flow from operations for 2020 was $223 million, almost twice reported net income, and this easily covered $126 million in capital expenditures (capex) with a sizable cushion left over.įinally, about 40% of SEDG sales come from the U.S. The company's earnings release was mum on the precise reason for this, but declines in both gross and operating margins suggests that as the market for microgrids expands, so too do costs, at least at this stage of the game.

Sentiment has likely tempered on the solar stock thanks to a modest 2% rise in 2020 revenues and a 3% drop in net income. However, since hitting an all-time closing high near $365 in December, shares slumped down to around $200 this spring before rebounding to current levels. Shares of SEDG have been on a tear the last two years. Israel-based SolarEdge Technologies ( SEDG, $281.44) makes inverters: a key component of the microgrid that delivers solar energy to where it's needed in homes, schools, businesses, campuses and beyond. Here are five of the best solar stocks that offer a differentiated strategy for profiting from the green energy boom.

#CLEANSPARK COMPETITORS SOFTWARE#

Companies that make components, batteries, the materials to produce panels or the software to manage them are riding the coattails of the inexorable march away from fossil fuels and toward solar power. Like the supply companies that profited during the gold rush selling picks and shovels to eager prospectors, solar energy offers a similar 'pick-and-shovel' opportunity.

This is evidenced in the bellwether Invesco Solar ETF ( TAN), which is still up more than 50% over the past year even after a sharp cooling-off in early 2021.Īnd the setup for solar stocks still looks good, with climate change firmly atop the Biden administration's agenda. Green energy exchange-traded funds (ETFs) have benefited as investors have piled into solar stocks. And the forecast for 2021 alone is 3 million installations. The solar energy boom is the modern equivalent of the California Gold Rush of 1848.ĭata from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association notes that it took 40 years to reach 1 million solar installations in the U.S., but just three more years to hit 2 million installations.

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