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The Zacks Analyst Blog Highlights Maxeon Solar, Sunworks and First Solar
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For Immediate Release
Chicago, IL – June 22, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Maxeon Solar Technologies Ltd. (MAXN - Free Report) , Sunworks, Inc. and First Solar (FSLR - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Here's Why These 3 Solar Energy Stocks Are Well-Poised to Gain
There has been a heightened need to transition to solar energy in the fight against greenhouse gas emissions. The transition from fossil fuels to renewable energy is creating opportunities for investors, although it will take huge investments and much time for this transition. Amid the backdrop, Maxeon Solar Technologies Ltd., Sunworks, Inc. and First Solar are well poised to gain.
Solar Contributes More to New Generating Capacity
Over the past few years, the share of solar energy in new electricity generating capacity in the United States has increased significantly. In its latest short-term energy outlook, the U.S. Energy Information Administration (“EIA”) states that there has been an addition of estimated 14 gigawatts of solar generating capacity in the electric power sector of the United States through the 12 months ending May 2023.
So far this year, solar energy has been the primary source of new electricity. With these new capacities, EIA projects that solar generation in the United States this summer – June, July and August – will witness year-over-year growth of 24% from the 2022 summer.
3 Stocks in the Spotlight
Thus, it is time for investors to keep an eye on solar energy stocks. We have zeroed in on three such stocks.
Maxeon Solar is a key player in solar innovation and channels. As a key provider of premium solar technology, Maxeon Solar is continuing its innovation works that are leading to its seventh generation of advanced IBC solar technology. Carrying a Zacks Rank #2 (Buy), MAXN is capitalizing on off-grid applications since solar is being utilized for transportation to charge a growing number of devices – that could power human lives. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Since 2002, Sunworks has been well-known for providing solutions related to high-performance solar and battery storage. One of its business transformation initiatives is reducing the time to install a residential solar installation. This will improve the Zacks #2 Ranked firm's pricing power and help retain customers.
To accelerate its fight against global warming, First Solar is primarily engaged in providing eco-efficient solar modules. The advanced thin-film photovoltaic modules of First Solar, with a Zacks Rank of 3 (Hold), represent highly advanced solar technologies of the next generation.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Maxeon Solar, Sunworks and First Solar
For Immediate Release
Chicago, IL – June 22, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Maxeon Solar Technologies Ltd. (MAXN - Free Report) , Sunworks, Inc. and First Solar (FSLR - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Here's Why These 3 Solar Energy Stocks Are Well-Poised to Gain
There has been a heightened need to transition to solar energy in the fight against greenhouse gas emissions. The transition from fossil fuels to renewable energy is creating opportunities for investors, although it will take huge investments and much time for this transition. Amid the backdrop, Maxeon Solar Technologies Ltd., Sunworks, Inc. and First Solar are well poised to gain.
Solar Contributes More to New Generating Capacity
Over the past few years, the share of solar energy in new electricity generating capacity in the United States has increased significantly. In its latest short-term energy outlook, the U.S. Energy Information Administration (“EIA”) states that there has been an addition of estimated 14 gigawatts of solar generating capacity in the electric power sector of the United States through the 12 months ending May 2023.
So far this year, solar energy has been the primary source of new electricity. With these new capacities, EIA projects that solar generation in the United States this summer – June, July and August – will witness year-over-year growth of 24% from the 2022 summer.
3 Stocks in the Spotlight
Thus, it is time for investors to keep an eye on solar energy stocks. We have zeroed in on three such stocks.
Maxeon Solar is a key player in solar innovation and channels. As a key provider of premium solar technology, Maxeon Solar is continuing its innovation works that are leading to its seventh generation of advanced IBC solar technology. Carrying a Zacks Rank #2 (Buy), MAXN is capitalizing on off-grid applications since solar is being utilized for transportation to charge a growing number of devices – that could power human lives. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Since 2002, Sunworks has been well-known for providing solutions related to high-performance solar and battery storage. One of its business transformation initiatives is reducing the time to install a residential solar installation. This will improve the Zacks #2 Ranked firm's pricing power and help retain customers.
To accelerate its fight against global warming, First Solar is primarily engaged in providing eco-efficient solar modules. The advanced thin-film photovoltaic modules of First Solar, with a Zacks Rank of 3 (Hold), represent highly advanced solar technologies of the next generation.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.