As we see equity markets rise, the specter that we are already in a new bull market is growing by the day. And investors need a plan of attack to take advantage.

As themes go, one area of focus that could become a dominant leadership area is clean energy technology. The main driver behind this idea is the Inflation Reduction Act (IRA) of 2022, which is set to pump hundreds of billions of dollars into the green energy space over coming years.

The IRA will make the single largest investment in climate and energy in American history, providing $370 billion in funding for clean energy technologies, including solar, wind, and energy efficiency. This funding will help to accelerate the transition to a clean energy economy and create millions of good-paying jobs.

The IRA will drive new investments into the green energy space in a number of ways.

First, the IRA will provide direct funding for clean energy projects, helping to make clean energy more affordable and accessible to businesses and consumers.

Second, the IRA will provide tax credits and other financial incentives for clean energy investments. These incentives will make it more attractive for businesses and investors to put their money into clean energy.

And third, the IRA will create new markets for clean energy technologies. For example, the IRA will invest in the development of a clean energy grid, which will create new demand for solar and wind power.

There’s no other investment theme that already has such broad shoulders to stand on in terms of subsidized growth. For investors, the only way to take advantage is through share ownership in companies that stand to benefit the most.

With that in mind, we take a look below at some of the most interesting stocks lined up to accelerate in front of this massive tailwind of capital.

SolarEdge Technologies Inc. (Nasdaq:SEDG) engages in the development of energy technology, which provides inverter solutions. The firm operates through its Solar and All Other segments.

The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation. The All Other segment includes the design, development, manufacturing and sales of UPS products, energy storage products, e-Mobility products, and automated machines. Its products and services include photovoltaic inverters, power optimizers, photovoltaic monitoring, software tools, and electric vehicle chargers.

SolarEdge Technologies Inc. (Nasdaq:SEDG) recently announced its financial results for the fourth quarter 2022 and full year ended December 31, 2022, with highlights including record revenues of $890.7 million, record revenues from solar segment of $837.0 million, GAAP gross margin of 29.3%, and gross margin from solar segment of 32.4%.

“We are pleased with our fourth quarter results that conclude a challenging yet very successful year. The global economic and geopolitical events coupled with post pandemic dynamics created an unprecedented demand for solar energy in general and our products in particular,” said Zvi Lando, Chief Executive Officer of SolarEdge. “I am proud that our extraordinary global team of employees was able to overcome the hurdles we faced and conclude a record year in almost every element of our operations. We are excited about the opportunities of the year ahead and expect to continue our profitable growth momentum.”

Even in light of this news, SEDG has had a rough past week of trading action, with shares sinking something like -15% in that time. That said, chart support is nearby, and we may be in the process of constructing a nice setup for some movement back the other way.

SolarEdge Technologies Inc. (Nasdaq:SEDG) managed to rope in revenues totaling $890.7M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 61.4%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels exceeding current liabilities ($1B against $889.7M).

Solar Integrated Roofing Corp (OTCMKTS: SIRC) is the most speculative name on our list today. But the company deserves some attention. It’s the bargain-basement pick, and shares have been storming higher over recent weeks, up over 150% since mid-April.

The company bills itself as an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership.

Solar Integrated Roofing Corp (OTCMKTS: SIRC) recently announced that it has retained Shareholder Intelligence Services, LLC (“ShareIntel”) for a 12-month, full-service agreement to review the trading patterns of the Company’s common stock; monitor, identify and reconcile discrepancies; and target illegal short selling activities.

ShareIntel gathers and analyses shareholder trading data through its DRIL-Down process, a technology platform that examines equity flows and reveals suspicious, aberrant, and/or unusual trading activity.

The tool aims to help management to identify, interpret and communicate shareholder and broker-dealer movement to the market.

Solar Integrated Roofing Corp (OTCMKTS: SIRC) CEO David Massey stated, “We are taking action to ensure that SIRC is not the target of unlawful trading activities. ShareIntel’s proprietary analytics will identify reporting anomalies among market makers, banks, broker-dealers and clearing firms as it tracks share ownership and identifies suspicious trading activity. We believe this engagement is a prudent step to protecting our shareholders’ investments and addressing any suspected violations.”

Enphase Energy Inc. (Nasdaq:ENPH) bills itself as the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app.

The company engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.

Enphase Energy Inc. (Nasdaq:ENPH) recently announced that Lumio, a leader in personalized renewable energy, will significantly expand its offering of Enphase® IQ8 Microinverters and IQ Batteries to customers across the United States.

“We are excited about Enphase’s full suite of products including microinverters, batteries, and EV chargers that can provide our customers best-in-class home energy management solutions,” said Greg Butterfield, chief executive officer at Lumio. “Additionally, the Enphase digital platform from lead generation to permitting to ongoing operations and maintenance services offers a unique ability for Lumio to increase efficiencies and reduce costs.”

Even in light of this news, ENPH has had a rough past week of trading action, with shares sinking something like -31% in that time. That said, chart support is nearby, and we may be in the process of constructing a nice setup for some movement back the other way.

Enphase Energy Inc. (Nasdaq:ENPH) managed to rope in revenues totaling $726M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 64.5%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels exceeding current liabilities ($1.8B against $729.3M).

Other key players in the clean energy space include Enbridge Inc. (NYSE:ENB), First Solar Inc. (Nasdaq:FSLR), NIO Inc. ADR (NYSE:NIO), NextEra Energy Inc. (NYSE:NEE), and SunRun Inc. (Nasdaq:RUN).

The post Why Green Energy Sets Up as Tier One Theme in New Bull (ENPH, SIRC, ENB, FSLR, NIO, SEDG, NEE, RUN) appeared first on Wall Street PR.

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