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Solar investment could reach a turning point in 2023, and some stocks are well-positioned to benefit from the boom. In the U.S., the Inflation Reduction Act is expected to lead to $600 billion in new investment in solar technology, according to the Solar Energy Industries Association. More than 62% of analysts are bullish on the home solar energy company. ReNew Energy's average price target suggests shares rallying 47% in the coming months. The residential solar energy provider could see shares surge almost 90%, according to its average price target.

Persons: Michael Grubb, Grubb, Morgan Stanley Organizations: International Energy Agency, University College London, Bank, Development, Solar Energy Industries Association, CNBC Pro, Nasdaq, York Stock Exchange, Energy, Energy Global, Sunnova Energy Locations: U.S, India

☆ Small caps are finally starting to join the rally in June. Here's how to play their comeback
▼ + stars: | 2023-06-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Small stocks are making big moves this month, which could signal good news is ahead for Wall Street. The Russell 2000 , which is made up of small-cap names, is higher by 7% in June. .RUT 1M mountain Russell 2000 in past month "Moreover, small-caps have traditionally served as a bellwether in terms of the broader economic landscape," Krosby added. On top of that, Wolfe Research strategist Rob Ginsberg warned that the Russell 2000 could run into some technical resistance after the recent rally. That said, there are ways investors can try to capitalize on the small-cap rally.

Persons: Russell, Quincy Krosby, Krosby, Wolfe, Rob Ginsberg, Ginsberg Organizations: Financial, of Labor Statistics, Wolfe Research, CNBC Pro, Energy, NOVA, Beam Therapeutics, Rocket Pharmaceuticals, Arrowhead Pharmaceuticals Locations: U.S

☆ Solar firm Sunnova gets $3 billion loan guarantee from US energy department
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

April 20 (Reuters) - Sunnova Energy International (NOVA.N) said on Thursday the U.S. Department of Energy (DOE) will provide the solar company up to $3 billion in a partial loan guarantee to expand clean energy access. The company last month said it was in discussion with the DOE regarding the potential issuance of an indirect guarantee of 90% for up to $3.3 billion in solar loans. The DOE's Loan Program Office aims to speed development of the clean energy sector with loans to automakers, miners, recyclers and others, many of which would struggle to obtain private financing given their large capital needs. "The DOE financing would accelerate the adoption of solar and storage, decrease greenhouse gas emissions, and expand the availability of reliable, clean, and affordable energy to those communities who benefit the most from low-cost energy," Sunnova CEO William Berger said in a statement. Sunnova also expects the DOE loan guarantee to support up to $4 billion - $5 billion in the company's loan originations, reduce its weighted average cost of capital and generate interest savings.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ Solar stocks Sunrun and Sunnova Energy are at attractive entry points after SVB crisis, Wells Fargo says
▼ + stars: | 2023-03-15 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The Silicon Valley Bank crisis is creating attractive entry points in residential solar stocks Sunrun and Sunnova Energy International , according to Wells Fargo. "Weakness in resi-solar driven by the SVB crisis is a buying opportunity," analyst Michael Blum said to clients in a note. While fears of contagion risk have caused regional banks to pull back, the greater likelihood of a pause in interest rate hikes from the Federal Reserve is a boon for solar stocks. According to the analyst, a 50 basis point reduction to a long-term discount rate of 7% to 8% would mean greater upside for Sunrun and Sunnova. His Sunnova target of $23 points to a 42.4% advance as well.

☆ Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

March 10 (Reuters) - Residential solar companies Sunrun Inc (RUN.O) and Sunnova Energy (NOVA.N) on Friday disclosed their exposure to SVB Financial Group (SIVB.O), which has been closed down by California banking regulators. Sunrun stated SVB was one of the lenders in two of its credit facilities, but said it was less than 15% of its total hedging facilities and does not anticipate significant exposure. Sunrun has cash deposits with SVB totaling nearly $80 million, while SVB's undrawn commitment in the non-recourse senior aggregation warehouse facility is about $40 million. Sunnova also views its exposure to SVB as negligible since it does not hold cash deposits or securities with the financial group. California banking regulators closed startup-focused lender SVB on Friday, which does business as Silicon Valley Bank, making it the largest bank failure since the 2008 financial crisis.

☆ Evercore ISI downgrades First Solar, says stock's biggest tailwinds may already be fully priced in
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

The near-term outlook for First Solar isn't looking too bright, Evercore ISI warned. Analyst Sean Morgan downgraded the solar stock to in line from outperform as he now sees recent tailwinds better reflected in the current price. He raised its price target by $7 to $157, but that new target still implies the stock could drop 6.1% from where it closed Monday. Morgan said First Solar has been a "major beneficiary" from the Inflation Reduction Act , outperforming the residential solar market since July 2022. FSLR 1Y mountain FSLR in past year More broadly, the solar residential market has lagged in the fourth quarter and into 2023 despite the tailwinds expected from the IRA, he said.

☆ Wells Fargo upgrades these clean energy names, says climate bill benefits have yet to materialize
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Wells Fargo is getting more bullish on shares of First Solar , Sunnova Energy and Sunrun , expecting margins to improve as supply chains ease and raw material costs decline. Benefits from the legislation have also yet to materialize in stock prices, he added. Many have also come to view the solar stock as a major beneficiary of tax credits from the government's climate bill. Blum expects Sunnova and Sunrun, meanwhile, to benefit from their power purchase agreement models poised to gain in the next year. low-income projects, domestic content, and energy community) are only available to solar financing deals structured as lease/PPAs," Blum said.

☆ Analysts love these 3 renewable energy stocks that could see more than 50% upside
▼ + stars: | 2022-12-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Renewable energy expansion is predicted to grow exponentially over the next five years, according to the International Energy Agency. Suppose 3,891 gigawatts of renewable energy production capacity are installed over this period, as IEA predicted earlier this month . Wind energy stocks Hong Kong-listed China Longyuan Power offers the biggest upside potential to investors among the stocks screened. Renew Energy Global is a Nasdaq-listed company that primarily builds and operates solar and wind energy projects in India. Solar energy stocks The table below lists stocks that are part of the Global X Solar ETF.

☆ Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street's expectations and raising its forward guidance. Retail stocks — Retail stocks rose following Walmart and Home Depot 's stronger-than-expected financial reports for the third quarter. Signature Bank — Shares of the crypto bank jumped more than 10% after Signature reported minimal exposure to FTX and any potential destruction that could come from its collapse. Sunnova Energy — Shares of solar company rose 7.5% after Deutsche Bank initiated coverage of Sunnova Energy, First Solar and Enphase Energy with buy ratings. First Solar was up 3.2%, and Enphase Energy rose 2%.

In a 250-page proposed decision, regulators outlined reforms to the so-called "net energy metering", a state policy that issues credits to solar energy customers for generating excess electricity and feeding it back to the grid. The proposal will not affect current home solar owners and will maintain their current compensation, the California Public Utilities Commission (CPUC) said. Shares of rooftop solar system providers, including Sunrun Inc (RUN.O), SunPower Corp (SPWR.O) and Sunnova Energy International Inc (NOVA.N), closed 20% to 27% higher on Thursday. "This has been an overhang for rooftop solar stocks that would be alleviated if passed similar to today's proposal," said Morningstar analyst Brett Castelli. "The CPUC's new proposed decision would really hurt.

☆ Wolfe Research downgrades solar stocks Sunnova and Sunrun as interest rates rise
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A rising rate environment could spell trouble for solar stocks Sunrun and Sunnova Energy in the near term, according to Wolfe Research. "Headwinds from the interest rate spike on financing costs and valuation are tough to ignore despite strong demand growth from IRA and rising utility rates," he wrote in two separate notes to clients Wednesday. Fleishman said both stocks are among the most exposed to a rising rate environment given their reliance on consistent access to capital. "We are still big believers in the demand tailwinds for the business from the benefits in IRA and from pricing headroom afforded by rising utility rates, which we expect to continue moving higher," he said. Shares of both Sunrun and Sunnova are down more than 40% this year.

☆ Susquehanna says these two solar energy names can rally as adoption grows
▼ + stars: | 2022-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Two solar power providers stand to gain as the alternative energy type becomes more in vogue, Susquehanna said. Analyst Biju Perincheril initiated Sunnova Energy and SunPower as positive. Rising utility costs have helped increase demand for both 2022 and 2023 despite some moderation from a California tax credit step down, Perincheril said. The move toward electric vehicles will in turn help adoption of solar, Perincheril noted, as electricity requirements for car charging are easier to meet with solar. Solar is becoming increasingly popular as consumers look to long-term savings despite up-front costs.

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