{"id":4776,"date":"2016-10-18T11:39:06","date_gmt":"2016-10-18T06:09:06","guid":{"rendered":"http:\/\/themagnumgroup.net\/Blog\/?p=4776"},"modified":"2020-04-06T08:52:45","modified_gmt":"2020-04-06T03:22:45","slug":"solar-installers-losing","status":"publish","type":"post","link":"https:\/\/themagnumgroup.net\/Blog\/solar-installers-losing\/","title":{"rendered":"Pondering Why US Solar Installers are in the Red"},"content":{"rendered":"

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It is obvious that the stock of US residential solar companies has been on the decline, with shares falling steadily over the past few years. Last week, SolarCity plumetted nearly 66% from their 52-week peak of US$ 58.87. SunPower, which has seen stocks tumbling continuously, is depressed nearly 75% from its 52-week high.<\/p>\n

But when where the price of global PV components is at an all-time low and solar installations are burgeoning, the incongruity is strange. What is happening?<\/p>\n

As mentioned by two finance executives who spoke with PV Tech, the problem hinges on the fact that residential solar firms are simply operating under “the wrong business model”.<\/p>\n

” If you look at the capital markets and all the corporations that are publicly-traded, they are not performing so well. I wouldn’t put each one of them in the same bracket but generally the industry is getting knocked down at a time where we see solar installs thriving, it is a very strange time in the history of the solar business,” said Camilo Patrignani, CEO of Greenwood Energy.<\/p>\n

” I think the underlying cause for it is that the residential solar companies are functioning under the wrong business model,” he stated.<\/p>\n

State Street Bank executive Santosh Raikar reiterated the same view to PV Tech: “Residential solar is still looking for a business model,” he said. “For what it is worth, the reason why SolarCity experienced this acquisition and Vivint Solar and a number of other companies that are not doing as well as they should in a stable market environment, is because we don’t really know what business model works for residential solar at this point.”<\/p>\n

If you are a solar installer, there is no question that you should reduce costs wherever possible. Did you know that you could cut your design and drafting costs by up to 40% by getting us to do the work? Message us now<\/strong><\/a> for more details!<\/p>\n

Best,<\/p>\n

\"lucky2\"<\/p>\n

Ref: pv-tech.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It is obvious that the stock of US residential solar companies has been on the decline, with shares falling steadily over the past few years. Last week, SolarCity plumetted nearly 66% from their 52-week peak of US$ 58.87. SunPower, which has seen stocks tumbling continuously, is depressed nearly 75% from its 52-week high. But when…<\/p>\n","protected":false},"author":1,"featured_media":5278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[260],"tags":[],"class_list":["post-4776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar"],"_links":{"self":[{"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/posts\/4776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/comments?post=4776"}],"version-history":[{"count":5,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/posts\/4776\/revisions"}],"predecessor-version":[{"id":5821,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/posts\/4776\/revisions\/5821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/media\/5278"}],"wp:attachment":[{"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/media?parent=4776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/categories?post=4776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themagnumgroup.net\/Blog\/wp-json\/wp\/v2\/tags?post=4776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}