At Equity Insight, we have been watching alt-energy sector for years. We believe that there is a systemic shift away from fossil fuels to new technologies. Like any technology or improvement, it takes time to develop a product and commercialize it at a price the consumer is willing to pay.
One alt-energy source we really like is solar and, unless you have been living in complete darkness, the solar sector has been outperforming the entire market since the 2019 lows in January. The Solar ETF $TAN is up over 35% year-to-date and the major components like First Solar $FSLR and SolarEdge $SEDG are up over 60% respectively.
The outlook on solar sector remains firm at CAGR of 15% through 2023. A recent BCC Research report stated that:
“The solar photovoltaic (PV) segment leads the market by size, with a 2018 value of $137.8 billion. Solar energy technologies continue to see strong investment due to the promise of continually decreasing production costs.”
According to BCC report, one of the most promising areas of innovation and cost reduction is the processing and streamlining of Solar Grade Silicon Metal production.
We believe we have found a very promising, high ROI stock in the sector which has gone completely overlooked. This Company has been working on a disruptive technology since 2016 to reduce the CAPEX of solar panels by at least 100% and will undercut even the lowest cost Chinese producers. The technology is about to be commercialized and HPQ Silicon $HPQ.C will undoubtedly be moving.
In the coming weeks we will highlight more details about what HPQ Silicon $HPQ.C has been doing over the last 2+ years and what investors can expect going forward. As far as we can tell, none of the past work or upcoming developments have been priced in to the stock which is just off the 52 week lows.
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