J P M O R G A N Asia Pacific Equity Research 26 January 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Utilities & Renewables Blog Continual activity in China offshore wind; 2025 ESS installation beats; selective on gas utilities Daqi Jiao (852) ...

First Solar, Inc. (NASDAQ:FSLR) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 22, KeyBanc reiterated its Underweight rating on First Solar, Inc. (NASDAQ:FSLR) with a price target of $150. The firm was unimpressed by the stock’s year-to-date performance and also pointed to ongoing challenges in the solar market. KeyBanc noted that upcoming solar regulatory changes could impact the market. The research firm said that it does not agree with the current bullish expectations in the ...

Core Viewpoint - Nextracker reported strong quarterly earnings, exceeding expectations and showing significant revenue growth compared to the previous year [1][2]. Financial Performance - Nextracker's earnings per share (EPS) for the quarter was $1.1, surpassing the Zacks Consensus Estimate of $0.93, and up from $1.03 a year ago, representing an earnings surprise of +17.86% [1] - The company posted revenues of $909.35 million for the quarter, exceeding the Zacks Consensus Estimate by 11.63%, and up from $679.36 million year-over-year [2] - Over the last four quarters, Nextracker has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Nextracker shares have increased by approximately 23.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.92 on revenues of $807.99 million, and for the current fiscal year, it is $4.24 on revenues of $3.44 billion [7] - The outlook for the solar industry, where Nextracker operates, is positive, with the industry ranking in the top 31% of Zacks industries, suggesting potential for outperformance [8] Industry Context - Sunrun, another company in the solar industry, is expected to report a quarterly loss, indicating mixed performance within the sector [9]

With January nearly in the rearview mirror, Wall Street’s crystal-ball gazers are already sketching out what the rest of 2026 might look like. A few themes are coming into focus: the U.S. economy appears set to keep chugging along, with AI once again acting as a key engine of growth. The Federal Reserve has shifted into easing mode, although just how far rates will fall remains an open question. Claim 50% Off TipRanks Premium The bigger question is whether growth can remain stronger than many expect. Ac ...

Company Performance - Sunrun's stock closed at $20.01, reflecting a +2.62% increase from the previous day, outperforming the S&P 500's daily gain of 0.5% [1] - Over the last month, Sunrun's shares have decreased by 4.74%, while the Oils-Energy sector gained 7.06% and the S&P 500 gained 0.18% [1] Earnings Expectations - Analysts expect Sunrun to report earnings of -$0.08 per share, indicating a year-over-year decline of 105.67% [2] - Revenue is anticipated to be $656.91 million, representing a 26.7% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts project earnings of $1.32 per share and revenue of $2.46 billion, reflecting changes of -0.75% and 0% respectively from the previous year [3] - Recent adjustments to analyst estimates are crucial as they indicate confidence in Sunrun's business performance and profit potential [3] Valuation and Ranking - Sunrun has a Forward P/E ratio of 53.54, which is a premium compared to the industry average Forward P/E of 22.05 [5] - The Zacks Rank for Sunrun is currently 2 (Buy), with a significant increase of 469.69% in the Zacks Consensus EPS estimate over the past month [5] Industry Overview - The solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 70, placing it in the top 29% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a strong performance potential for the solar industry [6]

23 January 2026 China Solar Equities The new frontier: Space-based solar power China From science fiction to reality: There's a hot new theme in the global solar industry: solar panels in space. What's behind this is a combination of recent advances in commercial satellites and the race to put AI data centers (AIDCs) in space. Elon Musk said he plans to build 100GW solar production capacity (Reuters, 23 Jan 2026), following his comment in an earlier interview that he expects 100GW of new AIDCs to be deliver ...

Technology from SunPower-REC Joint Development AgreementOREM, Utah, Jan. 26, 2026 (GLOBE NEWSWIRE) -- SunPower Inc. (herein “SunPower,” the “Company,” or Nasdaq: “SPWR”), a solar technology, services, and installation company, today announced that it achieved its first installation of Monolith panels created by Renewable Energy Corporation (REC), the leader in U.S. residential solar panel sales. Silicon Valley’s Cobalt Power Systems installed the panels for a premium customer in Santa Cruz, California. Coba ...

CSI Solar: solid ESS shipments growth in 2026E, fueled by non-US markets CSI Solar (688472 CH, Not rated) expects robust growth of its energy storage system (ESS) business for 2026E, with global shipments projected at 14-17 GWh, driven primarily by incremental demand in non-US markets, where the company maintains a strong presence through diversified project pipelines and partnerships. The current backlog stands at approximately USD3bn, characterized by high-quality orders concentrated in overseas high-marg ...

In the latest trading session, Array Technologies, Inc. (ARRY) closed at $10.53, marking a -2.5% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, added 0.28%. Heading into today, shares of the company had gained 5.99% over the past month, lagging the Oils-Energy sector's gain of 6.65% and outpacing the S&P 500's gain of 0.6%.The upcoming earnings release of Array Technologies, Inc. will be of gr ...

Core Viewpoint - Sunrun Inc. (RUN) is focused on expanding its residential solar and storage platform, enhancing customer service and growing its presence across multiple U.S. states, making it a strong investment option in the Zacks Solar industry [1] Growth Outlook & Surprise History - The Zacks Consensus Estimate for RUN's 2026 earnings per share (EPS) has increased by 130% to 3 cents per share in the past 30 days [2] - The Zacks Consensus Estimate for RUN's 2026 revenues is projected at $2.70 billion, indicating a growth of 10.1% [2] - The company has consistently surpassed expectations in the last four quarters, delivering an average earnings surprise of 501.89% [2] Return on Equity - Sunrun's return on equity (ROE) is currently 19.35%, significantly higher than the industry's average of 11.48%, indicating more efficient utilization of funds compared to peers [3] Leadership in the Residential Solar Industry - Sunrun is expanding its residential solar and storage platform, having deployed over 217,000 battery systems, totaling 3.7 gigawatt-hours of networked storage capacity [4][8] - The company integrates batteries as a standard feature in new installations, enhancing customer value and supporting grid reliability [4] - By leveraging long-term customer agreements and participating in grid-service programs, Sunrun reinforces its position as a leading distributed energy provider in the U.S. solar market [5] Liquidity Position - Sunrun's current ratio at the end of the third quarter of 2025 was 1.46, indicating the company can comfortably meet its short-term obligations [6][8] Stock Price Performance - Over the past six months, Sunrun shares have surged by 50.4%, outperforming the industry's growth of 28.6% [7]