Solar Stocks Are Too Hot
They may have a sunny outlook, but they trade above what we think they're worth.
We recently initiated coverage of Enphase Energy (ENPH), SolarEdge Technologies (SEDG), and Shoals Technologies (SHLS) and assumed coverage of First Solar (FSLR). Exposure to clean energy has benefited the shares of these no-moat companies, and all four are trading well above our fair value estimates.
Brett Castelli does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.