There’s still plenty of time to invest in solar stocks, we noted on January 7.
At the time, we highlighted opportunity in:
- SunPower (SPWR), which ran from $32 to $39 since January 7
- Enphase Energy (ENPH), which did pull back from $210 to $200
- First Solar (FSLR), which also pulled back slightly from $105 to $103.11
- SolarEdge (SEDG), which dropped from $380 to $309, and is rebounding
- Invesco Solar ETF (TAN), which dropped from $121 to $110
While some have pulled back, there’s still plenty of upside remaining.
With the Democrats in control of Congress, and Joe Biden in the White House, green energy is sure to take center stage.
Two, Biden has already said the U.S. will rejoin the Paris Climate Accord. Three, Biden mentioned $2 trillion clean energy plan, with hopes for net zero emissions by 2050.
Four, the $900 billion stimulus bill includes $35.2 billion for new energy initiatives.
According to The Washington Post:
“It authorizes a sweeping set of new renewable energy measures, including tax credit extensions and new research and development programs for solar, wind and energy storage; funding for energy efficiency projects; upgrades to the electric grid and a new commitment to research on removing carbon from the atmosphere. And it reauthorizes an Environmental Protection Agency program to curb emissions from diesel engines.”
