Sunrun was the last of the big 3 residential companies to announce their earnings after market yesterday (stock is up 15% as of this writing). The tally is 65MW for Sunrun, 201MW for SolarCity and 61MW for Vivint Solar, the links will take you to the quarter presentations. If you listened to the webcast by Sunrun’s management team, you would have heard some trends to note. Asked about the acquisition of SolarCity by Tesla, management sees Tesla is an ally for education and regulations which should increase consumer understand of solar. Solar is part of a $500billion retail energy sector and management expects a longer term trend that leases will be more important to loans because of changes to the tax credit and potential for energy management aspects included in storage. Creating some new expectations for the market from late last year the companies see more reasoned growth coming as all of the companies have lowered their guidance when compared to a year ago. Generally speaking, I expect much more consolidation in this space beyond the TSLA/SCTY acquisition, so expect more deal making ahead.
Additionally, apologies if you tried to listen to the NV podcast yesterday. The wrong file was uploaded but you can now find the correct file here.
- PV-Magazine: BREAKING – Arizona regulators preserve net metering in UNS case
- CleanTechnica: Why Bill Gates Is Hugely Misinformed About Renewables & Loves Impractical Nuclear
- Renewable Energy World: The Economics of Sustainability in Solar Adoption
- PV-Tech: SMA Solar consolidates inverter production in Germany and China
- Bloomberg: Solar Manufacturers Pivot Away From Big U.S. Utility Plants
- Yahoo: Sunrun beats Street 2Q forecasts
- Business Journals: Industry execs – N.C. solar players must go big, go small or go away
- MIT: Can We Really Retrain Coal Workers for Jobs in Solar?
Opinion
Have a great day!
Yann