With concern over the ITC expiration now out of the way, Oppenheimer analyst Colin Rusch believes that the road has been cleared for solar companies and their investors to re-focus on the fundamentals of the industry.
“In a context of slow economic growth and challenged energy commodity prices, solar presents a significant bright spot of unit growth, declining prices and improving cost of capital,” Rusch explained in a new report.
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Oppenheimer predicts that solar stocks will outperform the overall market in 2015, and the top stocks will likely be those with high North American exposure.
Oppenheimer names SolarCity Corp (NASDAQ: SCTY), SunPower Corporation (NASDAQ: SPWR), First Solar, Inc. (NASDAQ: FSLR), Sunedison Inc (NYSE: SUNE), Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE: HASI) and Canadian Solar Inc. (NASDAQ: CSIQ) as its top solar picks for 2016.
Disclosure: the author holds no position in the stocks mentioned.
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