As Warren Buffett famously observed, “you don’t find out who’s been swimming naked until the tide goes out.”
Solar has major hurdles ahead. Some may survive. Some may not. Some of this will depend on how much the government holds these companies accountable.
I believe it’s better to have people read this article and come to their conclusions. Here is the article link to Forbes.
One part of the article, concerning Sunnova, I would like to respond to is as follows: “Berger is counting on that inefficiency. His hope is that poorly run utilities keep raising electricity prices—which lets him raise his prices too. He is also banking on even more government handouts. For example, he’s tapping into a new Department of Energy program for $3 billion in loan guarantees on debt Sunnova will issue over the next few years to install solar in about 100,000 homes, some in Puerto Rico, which has a notoriously shaky power grid and high electricity prices.”
Here is the response from two senators: “U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), and House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) today sent a letter to the Department of Energy (DOE) Loan Programs Office (LPO) Director Jigar Shah regarding a $3 billion partial loan guarantee to Sunnova Energy Corporation.”
I disclose I have open positions in Sunrun.
I would love to hear peoples opinions.
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