The pullback in solar stocks could be viewed as a strong buying opportunity, especially if you are a believer in the long-term potential of this renewable energy source. Some of these stocks have already started to bounce back and are deserving of your attention at this time.
These four solar stocks could make your portfolio shine brighter over the next few years.
Green Stream Holdings Inc. (OTC: GSFI)
Green Stream, a Wyoming corporation with offices in New York City and Los Angeles, is a solar utility company providing innovative green technology solutions to emerging underserved renewable energy markets in the U.S., initial- ly focusing on the Northeast region. The Company is poised to capitalize on recent favorable regulatory trends and economic incentives promoting community renewable energy programs across a growing number of states. Originally organized as a Nevada corporation in 2004, Green Stream operates as a holding company in the solar energy sector since February 2019, follow- ing a reverse merger transaction resulting in an acquisition of a wholly-owned Wyoming-based subsidiary Green Stream Finance Inc., which in turn owns all interests in a Nevada-registered Green Rain Solar LLC (www.GreenRainSolar.com).
The company provides a platform enabling investment-free cost-efficient turn-key renew- able energy access for local utility customers in urban markets with high electricity rates, such as the NYC metropolitan area. Through various partnerships, Green Stream integrates all facets of solar power project development, including financing, design, compliance and con- struction, as well as operation and maintenance. The Company’s photovoltaic (“PV”) systems are designed in a joint-venture collaboration with Renewable Energy Development LLC (“RED”), an NYC based company led by famed world-class architect Anthony Morali, a lead- ing solar infrastructure planning and development expert. This strategic partnership allows Green Stream to offer aesthetic optimized power generation facilities incorporating advanced solar panels, batteries and other equipment, as well as next-generation solar panel greenhouses for urban farming projects, all of which successfully blend into metropolitan settings. The Com- pany has several projects in New York and New Jersey, presently in permitting stages, which could start generating long-term contractual revenue streams in six months, subject to financ- ing and commissioning. Currently, Green Stream is conducting a $10 million Regulation-A public offering for accredited investors of up to 125,000,000 registered shares of the Com- pany’s common stock at $0.08 per share, for gross proceeds of up to $10 million, of which $481,500 has been received as of October 31, 2020. Further information is available at on www. GreenRainSolar.com.
The Company also owns and operates recently acquired Chuck’s Vintage Inc. (www.chucks- vintageoriginal.com), a denim-focused retail clothing store in Pacific Palisades, California. Es- tablished in 2004, this iconic brand renown among Los Angeles celebrity elite, influencers and fashion enthusiasts currently supplements monthly cash flow for Green Stream’s solar sector activities.
The Company targets commercial building and property owners with 20-100 thousand square feet of available rooftop or other appropriate space for installation of PV systems that secure electricity prices below the local utility’s rates for the host customers. The Company’s solution is provided through a solar power purchase agreement (PPA) or equipment leasing arrangements with the host customer, resulting in valuable financial benefits for the Com- pany, including various federal or state tax credits, regulatory agency rebates and long-term revenue streams generated from the sale of electricity.
The Company also offers revolutionary PV-powered greenhouses targeting the budding and trendy urban farming industry. While the term “solar greenhouse” for decades has been commonly associated with passive solar heat preservation principles, like utilizing thermal mass objects, such as water tanks or concrete blocks, sinking the structure below ground level, and indoor composting, Green Stream’s solar solution engages cutting-edge power generation technology and original conceptions developed by Anthony Morali of RED. The greenhouse structure is comprised entirely of solar panels simultaneously addressing climate change and crop yields. Based on wavelength-selective technology utilizing embedded silicon PV strips and luminescent magenta dye, the semi-transparent glass panels optimize incoming light to enhance both power and food production by harnessing the green and blue light spectrum ranges for electric- ity generation, while enhancing plant photosynthesis with the most beneficial and efficient red waves.
Enphase Energy (NASDAQ: ENPH)
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as directly the do-it-yourself market through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.
Canadian Solar Inc. (NASDAQ: CSIQ)
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment’s energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company’s primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
Sunrun Inc (NASDAQ: RUN)
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems. Its primary customers are residential homeowners. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network. Sunrun Inc. was founded in 2007 and is headquartered in San Francisco, California.