Bright days ahead for U.S. solar sector - Deutsche Bank

Shoals Technologies

15/11/2022 15:13

** Deutsche Bank begins coverage of U.S. solar companies with a
bullish outlook for the sector
                        Company                        
                                                       
                                             Rating    PT
                                                       
                                                       
        Enphase Energy Inc  ENPH.O            Buy    $330
          First Solar Inc  FSLR.O             Buy    $180
    Solaredge Technologies Inc  SEDG.O        Hold   $260
           SunPower Corp  SPWR.O              Hold   $16 
 Sunnova Energy International Inc  NOVA.N     Buy    $36 
             Sunrun Inc  RUN.O                Buy    $36 
    ** Brokerage names NOVA, FSLR and ENPH as its top picks
    ** Analyst Corinne Blanchard says bullish outlook helped by
higher demand in U.S. and key international markets, growth
potential for U.S. residential solar, and "the most powerful and
positive regulatory environment the industry has ever seen"
 urn:newsml:reuters.com:*:nL1N3262TO urn:newsml:reuters.com:*:nL4N32744C
    ** Says selected cos are set to benefit from "growing
untapped market" - expects solar will meet 15% of the country's
power needs by 2030 vs current 4%
    ** Cos up 2.3%-7%
    ** Separately, Shoals Technologies Group Inc  SHLS.O  surges
24% after Q3 beat and improved FY forecast; at least five
brokerages raise PT or rating on co
 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))