Another Bullish Sign for Solar Stocks
The solar industry has become dominated by commodity solar panels, which often use similar underlying technology to convert solar energy into electricity. Each company has a slightly different structure and strategy, but broadly as commodity prices rise and fall, there's a correlation to improving or deteriorating earnings. When conditions are improving, it's time to consider getting bullish on solar stocks.
In 2019, solar demand has been strong and solar panel prices have been high, and the result is good earnings from the industry. If you're investing anywhere in the solar supply chain, it's time to be very bullish on the industry. Canadian Solar's (NASDAQ: CSIQ) recent results show exactly why.
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Source Fool.com