If you think 2016 has been a tough year for solar stocks, brace yourself for 2017. According to JMP analyst Joseph Osha, things won’t be getting any better for solar stocks next year.
Osha is predicting that the tough environment for solar stocks will continue for the next 18 months. The good news for solar investors is that falling solar stocks may have created buying opportunities among the top names in the space.
“Investing in the sector right now requires assessing whether the outlook for 2017 is already reflected in current stock prices, in our view,” Osha explains.
Until the overall solar market improves, JMP prefers stocks that are gaining market share and have favorable competitive positioning. Osha also believes further consolidation in the space is likely.
JMP initiated coverage on the following six solar stocks:
- Sunrun Inc RUN 2.54% – Market Outperform
- Solaredge Technologies Inc SEDG 3.82% – Market Outperform
- Vivint Solar Inc VSLR 0.99% – Market…
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