While looking for the most active stocks to watch in the stock market today, investors could be considering solar energy stocks. For the most part, this would be the case after the latest clean energy industry announcements from the White House.
Earlier today, President Joe Biden announced a 24-month tariff exemption for solar panels. Sure, the exemption would only account for panels from four Southeast Asian countries. However, seeing as this comes at a time when an investigation is currently freezing imports and stalled projects in the U.S., this would benefit solar firms.
Accordingly, such an upbeat declaration would have investors looking for the top solar stocks to buy now. For one thing, some of the top names in the solar energy space have and continue to press forward.
We could look at the likes of First Solar (NASDAQ: FSLR) for instance. Just last month, the company sold its utility-scale solar project development platform in Japan.
This would be its solar operations and maintenance (O&M) platform in the region. According to First Solar CEO Mark Widmar, the deal serves to help First Solar focus on “developing, scaling, and selling,” its advanced module tech.
At the same time, solar firms from China are also gaining ground right now. As the Chinese government continues to loosen Covid lockdowns, tech firms like JinkoSolar (NYSE: JKS) would be in focus.
After all, the company is among the largest solar module manufacturers worldwide. Late last month, the company secured a new 600-Megawatt distribution deal with Aldo Solar.
Through this, Aldo will be the first in Latin America to distribute Jinko’s N-type ultra-efficiency solar modules. With all this attention on solar stocks now, here are three to consider in the stock market right now.
Brightening up our list today, we have SolarEdge Technologies, a solar energy company that invented the intelligent inverter solution. Through this, it has essentially changed the way we harvest and manage power in a solar photovoltaic (PV) system.
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Its DC-optimized inverter also seeks to maximize power generation while lowering the cost of energy produced at the same time. Its business also reaches a broad range of energy market segments like PV, storage, EV charging, and grid services solutions.
On May 25, 2022, the company announced that it has opened Sella 2, a two-gigawatt-hour battery cell and manufacturing facility. Located in the Eumseong Innovation City of Chungcheongbuk-Do, South Korea, Sella 2 is currently producing test cells for certification, with a ramp-up expected during the second half of 2022.
Once it is fully operational, Sella 2 will allow the company to have its own supply of lithium-ion batteries and the infrastructure to develop new battery cell chemistries and technologies. Furthermore, the facility will be able to scale its battery cell capacity in the future to support the growing needs for storage solutions offered by the company.
In mid-May, the company announced the European launch of SolarEdge Home, a portfolio of home energy management products and solutions, at Intersolar 2022 in Munich. SolarEdge Chief Executive Officer, Zivi Lando, had this to say.
“We developed a full system that enables both harvesting more energy from the sun and energy independence for homeowners. We believe that smart energy management is increasingly important as electricity costs and consumption continue to grow.
Innovative solutions that can interconnect multiple energy sources, consumption loads, and battery storage are key to future energy independence and sustainable living.” With that in mind, is SEDG stock a buy? Source: Nadsdaq...