Why is Solar Sector on fire?

HeSaidSheSaid · Oct 21, 2020

because China is pushing for carbon neutral by 2060; also, China imports a lot of oil (that is another incentive for them to adopt green energy).

https://www.cnbc.com/2020/09/23/china-claims-it-will-be-carbon-neutral-by-the-year-2060.html

easymon1 · Oct 21, 2020

HeSaidSheSaid said:
because China is pushing for carbon neutral by 2060; also, China imports a lot of oil (that is another incentive for them to adopt green energy).

https://www.cnbc.com/2020/09/23/china-claims-it-will-be-carbon-neutral-by-the-year-2060.html

what else?

Peter8519 · Oct 21, 2020

What is the technology that China does not have to build solar cell and wind turbine?
In fact, most of the solar cell is from China.

realtrades · Oct 21, 2020

Pull up a chart of ENPH, last year was a $5 stock, 2018 was a $2 stock, 2017 was a sub $1 stock, now $113, all stock movement, not product of a reverse split.

Nobert · Oct 21, 2020

Peter8519 said:
What is the technology that China does not have to build solar cell and wind turbine?
In fact, most of the solar cell is from China.

newwurldmn · Oct 21, 2020

easymon1 said:
what else?

market thinks Biden will win.

it’s pretty obvious if you look at the chart.

ZBZB · Oct 21, 2020

The new panels are 40% efficient doubling efficiency. So if it is cheaper than fossil fuel at the moment then it is going to be even better soon.

KCalhoun · Oct 21, 2020

newwurldmn said:
market thinks Biden will win.

it’s pretty obvious if you look at the chart.

Kamala green deal, Biden etc

Look at JKS 90day chart just wow

Scataphagos · Oct 21, 2020

KCalhoun said:
Kamala green deal, Biden etc

Look at JKS 90day chart just wow

From $18 to $90 in 6 weeks! Sheesh.

Got some volume to it, too.

Scataphagos · Oct 21, 2020

ZBZB said:
The new panels are 40% efficient doubling efficiency. So if it is cheaper than fossil fuel at the moment then it is going to be even better soon.

Story all along.... regardless of the "eco appeal" of solar, it wasn't economically viable... as its cost was still greater than fossil fuel sources, including natgas. Perhaps that's changing?? If that's the case, solar will be a HUGE winner for the next 10 years and perhaps beyond.