Sector Close-up for #Solar, #EV and #FuelCell
#Stocks; (OTCQB: $SING) (NASDAQ: $BLDP) (TSX: $BLDP.TO) (NASDAQ: $FCEL)
(NASDAQ: $TSLA) (NYSE: $TAN)
Point Roberts, WA and Delta,
BC - January 15, 2020 (Investorideas.com Newswire) Investorideas.com, a global news
source and leading investor resource covering cleantech and renewable energy stocks issues
a sector snapshot looking at how cleantech may be the sector to watch in 2020.
Following on a strong year in 2019, solar stocks, fuel cell stocks and EV
stocks are also leading the pack going into 2020.
Read the full article on Investorideas.com featuring solar company,
SinglePoint, Inc. (OTCQB: SING) and other companies in the sector.
According to ETF.com’s recent article (Lara
Crigger), “It's true that rising Iran-U.S. tensions have caused a spike in
energy funds. Astonishingly, however, the best-performing ETF of the past few
weeks wasn't an oil or a natural gas fund—but a renewable power one.
“Over the past 30 days, the SPDR S&P Kensho
Clean Power ETF rose 16.4%, more than any other non-leveraged, non-inverse
ETF.”
According to a report and outlook for 2020 by Deloitte,
“For the first time ever, in April 2019, renewable energy outpaced coal by
providing 23 percent of US power generation, compared to coal’s 20 percent
share.1 In the first half of 2019, wind and solar together accounted
for approximately 50 percent of total US renewable electricity generation,
displacing hydroelectric power’s dominance.“
2019 saw the global hydrogen fuel sector add more than 1GW of new
capacity for the first time, according to a report by energy consultancy
E4tech.
According to EEI, there were 18 million ELECTRIC VEHICLES (EV’S) on
the road in the U.S.as of March 31, 2019.
SinglePoint, Inc. (OTCQB: SING) and its solar subsidiary, Direct Solar of America
are seeing the strength in the sector first-hand. In a recent update to shareholders, Greg Lambrecht, Founder and Chief Executive Officer said, “The 2020
domestic Solar Market is showing continued signs of riding a new tailwind
driven by talks of a New Green Deal. We anticipate that renewables will
continue to be an important issue around the country, and plan to focus the
majority of our attention on growth in the solar and renewables space.”
He also went on to state. “This year management has set an internal goal to surpass $10,000,000
in gross revenues, primarily by the Company’s subsidiary SinglePoint Direct
Solar LLC (“Direct Solar” doing business as Direct Solar of America). 2019 was
a great year for SinglePoint in terms of continued fundamental improvement,
setting the foundation for anticipated continued growth in 2020 and beyond. The
Company achieved some significant milestones this year; it became fully
reporting with the Securities and Exchange Commission, increased annual
revenue, and acquired a Fifty One Percent interest in Direct Solar. We will
continue to focus on creating shareholder value utilizing an acquisition
strategy looking for emerging growth companies that would benefit from exposure
and access to capital that a public company can provide.
Direct Solar now has over 60 people deployed across 11 states and 20
cities.
From 2017 to 2018 our gross revenue increased over 344% and is expected
to increase to approximately $3,000,000 (Three Million) in 2019 representing
our largest annual reported revenue in company history. In 2020 we expect this
revenue increase to continue as SinglePoint will benefit from a full operating
year of Direct Solar.”
Reflecting the strength of solar stocks, the
Invesco Solar ETF (NYSE: ARCA: TAN) just recently hit a 52
week high. According to Zack’s Research the move was based on this:
“The highest-ever solar installation and the exemption of tariff on one type of
solar panels have supported the upside. Moreover, the solar industry has been
growing on a rebound in global solar demand, competitive pricing and potential
Chinese subsidies. Also, California’s initiative to make solar panels essential
to all new homes built in 2020 and beyond is helping the solar industry.“
Top Holdings | View All https://www.invesco.com/us/financial-products/etfs/product-detail?productId=ETF-TAN
Fund Holdings subject to change
|
Ticker
|
Company
|
% of Fund
|
|
SEDG
|
SolarEdge Technologies Inc
|
10.22
|
|
FSLR
|
First Solar Inc
|
8.74
|
|
ENPH
|
Enphase Energy Inc
|
7.59
|
|
968
|
Xinyi Solar Holdings Ltd
|
7.04
|
|
SSO
|
Scatec Solar ASA
|
5.64
|
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has been on a roar in 2020 as was one the top
performers on the TSX in 2019. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial trucks,
trains, marine vessels, passenger cars, forklift trucks and UAVs. According to
their presentation, “Fuel cell technology is needed to achieve
complete decarbonization of Transportation.”
In recent news, Randy MacEwen, Ballard President and CEO said,
“In less than 10 years, it will become cheaper to run a fuel cell electric
vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or an
internal combustion engine (ICE) vehicle for certain commercial applications.”
FuelCell Energy, Inc. (NASDAQ: FCEL) and Tesla (NASDAQ: TSLA) are both holdings in the CNRG SPDR S&P Kensho Clean Power ETF, both showing strong performance and showing fuel cell and EV’s are
sectors to watch in 2020.
Tesla (NASDAQ: TSLA) just announced on January 3rd “In the fourth quarter,
we achieved record production of almost 105,000 vehicles and record deliveries
of approximately 112,000 vehicles. In 2019, we delivered approximately
367,500 vehicles, 50% more than the previous year and in line with our full
year guidance.”
|
|
Production
|
Deliveries
|
Subject to lease accounting
|
|
|
Model S/X
|
17,933
|
19,450
|
14
|
%
|
|
Model 3
|
86,958
|
92,550
|
7
|
%
|
|
Total
|
104,891
|
112,000
|
8
|
%
|
“We continue to focus on expanding production in both the US as well as
our newly launched facility in Shanghai. Despite breaking ground at
Gigafactory Shanghai less than 12 months ago, we have already produced just
under 1,000 customer salable cars and have begun deliveries. We have also
demonstrated production run-rate capability of greater than 3,000 units per
week, excluding local battery pack production which began in late December.”
Deloitte says, “The renewable energy industry is primed to enter
a new phase of growth driven largely by increasing customer demand, cost competitiveness,
innovation, and collaboration. Companies that are ready to innovate,
collaborate, and seize new opportunities will likely thrive in a new phase of
renewable growth.”
2020
renewable energy industry trends
Renewables’ costs
competitiveness ushers in a new era of competition
The door is ajar for new
offshore wind opportunities and may open wider in 2020
Growing resiliency
imperative may mean an increasing role for renewables and storage
Collaboration is key to
innovation in the renewable sector
Source https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/renewable-energy-outlook.html
Want to get more info on the sector? Visit the Cleantech and Climate Change Podcast page at
Investorideas.com
Visit the renewable energy stocks directory: http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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