In a new report, Roth Capital Partners analyst Philip Shen discusses the solar power industry ahead of its Q2 earnings season. Overall, Shen sees the recent Greece and China-related downward move in solar stocks as a buying opportunity, as the fundamentals of the industry remain solid.
Strong Q2
Roth is predicting acceleration in residential growth in Q2, a positive indicator for SolarCity Corp SCTY 2.45%. Shen believes that recent developments in the market, including the $2.2 billion M&A deal between Vivint Solar Inc VSLR 0.19% and SunEdison Inc SUNE 0.81% and the imminent IPO of Sunrun, indicate that investor sentiment for residential solar has flipped positive.
Solid Fundamentals
Shen sees…
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