solar News & Analysis
3 articles
Market Mood
Solar company bankruptcies impact homeowners in Connecticut
Connecticut homeowners Jason Pelchat and Michael Lyons faced significant issues with solar panels installed through SunPower Corporation and Sunnova. Both homeowners reported that their energy bills doubled after signing contracts in 2023 and faced multiple system errors. Following SunPower's bankruptcy in August 2024 and Sunnova's filing in June 2025, the new company SunStrong has taken over customer accounts but has not fixed existing issues. The state's attorney general has opened an investigation into SunStrong due to over 60 complaints from affected homeowners, highlighting the challenges in the solar industry.
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China's Solar Capacity Curb Urged by Government Amid Industry Growth
China's government has called for 'every effort' to limit new solar capacity, emphasizing the need for regulation in a rapidly growing sector. The directive comes as China's solar industry has expanded significantly, with the country being the world's largest producer of solar panels. The government is concerned about overcapacity and its implications for market stability. This move may impact companies engaged in solar manufacturing and development, affecting trading volumes and P/E ratios in the renewable energy sector.
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First Solar (FSLR) Price Target Cut to $187 from $205
On April 7, Jefferies analyst Julien Dumoulin-Smith reduced the price target for First Solar, Inc. (FSLR) from $205 to $187, maintaining a ‘Hold’ rating. This adjustment was driven by rising logistics costs impacting the solar energy industry due to ongoing conflicts in the Middle East. First Solar is targeting net sales between $4.9 billion and $5.2 billion for FY 2026, after a 24% revenue surge to $5.2 billion in FY 2025. Since reporting its Q4 2025 earnings on February 24, FSLR's stock has declined by over 16%, reflecting investor concerns about future revenue growth.
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