How to Buy and Sell Solar Energy Companies on Wall Street
A new study by the Wall Street Journal, Business Insider and other outlets found that the industry has seen a significant spike in solar stock gains in the past few years.
Wall Street has also seen a sharp jump in the amount of money investors are pouring into the sector.
The Journal reports that since 2015, the value of solar stock has risen from around $12 billion to over $40 billion.
According to data from the SEC, the amount invested in solar companies rose from $1.4 billion in 2015 to over three times that amount in 2016.
The WSJ reports that investors are now spending $16 billion on solar stocks, a nearly 10% jump from the previous year.
The SEC also said that over the past five years, the solar industry has lost $17.5 billion.
As for investors who want to sell stock, the WSJ says the trend has been a clear trend: solar stocks have gone from about $3 billion in 2017 to $19.4 million in 2018.
The article notes that the market has also begun to see the emergence of companies that are focused on solar as a way to boost their profitability.
According the Journal, companies like Xolar Energy, SolarCity and Sunrun have begun to diversify their portfolios away from fossil fuels, instead focusing on renewable energy.
SolarCity has been investing in projects like the new $1 billion, 20 megawatt SolarCity Energy project in the U.S. state of Arizona.
“The solar energy industry has had an enormous amount of opportunity, and I think there’s going to be a real uptick in demand as this solar energy boom continues,” said John Wachter, SolarWorld’s chief technology officer.