THIS is the second of four articles on clean energy.
Enphase Energy (ENPH):
• Enphase was the best-performing renewable energy stock of 2019 as it gained 400%.
• It designs, develops, manufactures, and sells solar home energy systems.
• Each panel is equipped with a microinverters that work best if there is partial shade on the panels.
• These systems do not need a centralized system inverter as solar generated DC is converted to AC at the panel level.
• This can be more expensive but the company claims it’s safer, more reliable, and more efficient.
• It uses safe and environment-friendly cobalt free Encharge LFP batteries.
• The company works closely with its installers and customers.
• Customers get a mobile App through which they can monitor and control their system.
First Solar (FSLR):
• First Solar designs and manufactures solar power systems and solar modules.
• The company utilizes a thin film semiconductor technology to manufacture solar modules.
• These modules produce electricity at a lower cost per watt than traditional silicon-based panels.
• They also perform better in hot and humid conditions as well as shed snow and debris quicker.
• Those characteristics make them ideal for utility-scale applications.
• First Solar stands out with is its strong balance sheet. It carries a large net cash position.
• Most of its competitors have lots of debt in their balance sheets and pay interest to lenders.
• First Solar’s financial strength reduces its costs and allows it to expand its manufacturing capacity.
Cheniere Energy (LNG):
Cheniere is the largest producer of liquified natural gas (LNG) in the U.S.
• It makes this list of 2021’s best green energy stocks given both LNG’s cleanliness compared to other fossil fuels, as well as its preferred status as a backup for renewable-energy sources.
• Cheniere exports gas to 32 of the 39 countries that buy the commodity.
• Cheniere is well positioned to be the exporter of incremental liquified natural gas supplied to the global market over the next few years, particularly as demand ramps up from China.
• Chinese demand had cooled due to trade tensions, but Europeans stepped up their buys.
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Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California.
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He has 50 years of experience in defending taxpayers audited by the IRS, FTB, EDD, BOE and other governmental agencies. He is publishing a book on his expertise – “HOW TO AVOID OR SURVIVE IRS AUDITS.” Our readers may inquire about the book or email tax questions at [email protected].