- The tough environment for solar stocks (TAN +0.7%) will continue for another 18 months, but falling solar stocks may have created buying opportunities among some of the top names in the space, according to analysts at JMP Securities.
- Until the overall solar market improves, JMP prefers stocks that are gaining market share and have favorable competitive positioning, adding that further consolidation in the sector is likely.
- JMP rates Vivint Solar (VSLR +4.4%), Sunrun (RUN +1.4%) and Solaredge Technologies (SEDG +0.2%) at Market Outperform, Canadian Solar (CSIQ +1.5%) at Market Perform, and First Solar (FSLR -0.5%) and SunPower (SPWR -1.3%) at Underperform.