Monday, March 09, 2020
Cleantech and Climate Change Podcast – Cleantech and the Coronavirus (COVID-19)
Stocks Discussed: (NYSE: JKS), (NASDAQ: CSIQ).(OTCQB::SING) ( NASDAQ: ENPH) (NASDAQ: SPWR).
Tesla’s (NASDAQ: TSLA) CEO Elon Musk, @elonmusk, tweeted Friday, “The coronavirus panic is dumb.”
Point Roberts WA, Delta BC, March 9, 2020 – (Investorideas.com Newswire) -Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues today’s edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.
Listen to the Podcast:
Today we are looking at how the coronavirus (COVID-19) is impacting the renewable energy sector short term and how volatility is playing out. It’s not surprising as the coronavirus is creating turmoil in a lot of manufacturing and supply chains.
Analysts, including Zacks are reporting the coronavirus could impact the solar industry short- term as the China Photovoltaic Industry Association reported that overseas plants could be hurt as they will be unable to receive components from China due to flight restrictions.
“Should the epidemic of the virus continue beyond the first trimester and extend to a larger number of regions, as is currently the case in Korea and Italy, then the world’s use of renewable energy could very well be slowed down,” said Ali Izadi-Najafabadi, Head of Asian BloombergNEF research.
The top solar manufacturers in the world are in China, with some of the stocks to watch; JinkoSolar Holding Co (NYSE: JKS), and Canadian Solar (NASDAQ: CSIQ).
The sector also took a direct hit when news broke, “A senior executive in China’s power and renewables industry was among the early victims of the country’s deadly coronavirus outbreak, Recharge can reveal, as sector insiders warned the health emergency could damage plans to build wind projects ahead of government subsidy deadlines.
China has said most factories are slowly going back into operation and workers are retuning. In the interim, companies may look to US suppliers for solar panels and there is a feeling that short term solar prices may rise. This will be unfortunate as solar, for the first time in the last year, was cost efficient and competitive against other energy sources. Ironically, as this unfolds crude oil prices have been annihilated, dropping over 30%, hit hard this weekend as a price war is erupting.
Cleatech Icon, Tesla’s (NASDAQ: TSLA) CEO, Elon Musk @elonmusk tweeted Friday, “The coronavirus panic is dumb.”
As a US solar manufacturer, Tesla reported in their last quarter, “In Q4, we continued to ramp both Solarglass Roof production as well as installations. In addition to Tesla installers, we have also partnered with several roofing companies to support installations to fulfill demand for Solarglass Roof.”
“After organizing several roofing company training days at our training homes in Fremont, we already demonstrated dramatically shorter installation times versus previous versions of this product. Solarglass tiles are made in our Gigafactory New York, and we are hiring hundreds of employees at this facility.”
Other US solar stocks/manufacturers to take a look at as this unfolds include California based Enphase Energy ( NASDAQ: ENPH) and SunPower Corp. (NASDAQ: SPWR).
Another small player in the US solar market, SinglePoint Inc. (OTCQB: SING) and its subsidiary, Direct Solar of America announced in late February, “Last week the company reaffirmed previous announcements regarding the 2019 Unaudited Gross Revenue of $2,000,000 in its residential solar business unit. It is important to note that these revenue numbers are only from the time period from acquisition, May 2019 until the end of the year and do not represent what the full annualized revenue opportunity. Direct Solar of America continues to track a minimum of $8-$10 Million in 2020 Residential Solar Sales and is on pace to meet or exceed total targeted solar bookings in February 2020. “
The mass hysteria in supermarkets and stock markets is insane. Oh and if you are buying into the toilet paper panic- buy recycled!
If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411
Thanks, that’s it for today. Do something good for this beautiful planet each and every day.
Podcast host: Dawn Van Zant
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play Music.
Visit the Cleantech and Climate Change Podcast page at Investorideas.com
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: For disclosure purposes SinglePoint Inc. (OTCQB: SING) is a paid news, PR and social media client on Investorideas.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Sign up for free stock news alerts at Investorideas.com
800 665 0411
Research publicly traded wine stocks at Investorideas.com