Flamin Profits
Solar energy is a popular topic in the energy community, especially for those that are advocates for green energy. But is it really a reliable source of energy? Well despite lots of debate in this area with some saying it’s much too expensive per square area of land, to those complaining of how it won’t be efficient when the suns not out, many people — and companies are proponents of the technology. In fact, the market has backed positive sentiment on this technology as the Invesco Solar ETF has seen major gains over the past year, even outpacing the NASDAQ at certain points. But sentiment and green energy optimism isn’t the only thing powering these stocks, the weather is, both in the literal sense and the financial sense.
Many analysts are predicting that with oncoming extreme weather that will possibly stress the grid companies and that the solar and energy storage space may see a boost. This oncoming of heat is supposed to be hitting the Pacific Northwest all to way to Texas and shatter record-high temperatures. Energy companies are already preparing for this with rolling blackouts being a possibility. Some are taking this into their own hands by preparing residential energy storage — these hits close to home for those in Texas recalling the power-outages of the unexpected winter storm back in February.
Regardless of if you’re going to be affected by the oncoming heat, your portfolio very well could be. Are you planning to invest in Solar? And if you are in this region – how do you plan to survive the heat?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
