Back in September of 2015, AES Distributed Energy announced a new solar asset-backed securities (ABS) offering. Together with four other similar offerings by SolarCity Corp SCTY 1.22% and Sunrun Inc RUN 0.62%, the total amount of solar ABS offerings at the time had reached $560.5 million.
In December, Moody’s analyst Tracy Rice had high hopes for the solar ABS market in 2016.
“We expect further growth in ABS secured by rooftop solar contracts in 2016 and beyond,” rice said. “The key drivers of expansion will be continued strong growth of the US rooftop solar market, regulatory and policy support for solar power, as well as institutional investors’ growing acceptance of the asset class.”
However, by the beginning of March, the outlook for the solar ABS market had taken a dramatic turn. In a March 2 report, ROTH Capital Partners analyst Philip Shen described the firm’s outlook for solar ABS in 2016.
“We would not be surprised to see a brief hiatus on solar ABS especially from the largest issuer over the near-term, potentially through mid-2016 given recent regulatory challenges and overall macro factors driving spreads wider,” Shen wrote at the beginning of March.
This week, Shen provided…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
