Get started

Solar

Agape ATP Corporation (NASDAQ: ATPC) Q3 Results AnalysisAgape ATP Corporation (NASDAQ: ATPC) is progressing through a strategic gestation period, investing in key areas to drive long-term growth. While Q3 2024 saw a slightly higher net loss compared with Q3 2023, these numbers reflect ATPC’s commitment to building its foundation for sustainable growth. Revenue reached $331,289 for the quarter and $962,971 for the nine months, slightly down year-over-year, as the company realigns its product offerings and marketing strategies to capture new market segments. A significant contributor to ATPC’s current resilience is its complementary health therapies sector, which showed a revenue increase to $227,249 for the quarter and $688,415 for the year-to-date, reflecting demand for health services that align with wellness trends. To further diversify, ATPC’s new venture in renewable energy—spearheaded by ATPC Green Energy Sdn. Bhd. (AGE)—positions the company within a high-potential sector committed to environmental sustainability. Despite the current challenges in its network marketing segment, ATPC’s focus on refining this channel and expanding its product range indicates a proactive approach to overcoming temporary setbacks. As ATPC completes this foundational phase, its broadening scope in wellness and green energy promises a strengthened and more versatile position in the market, setting the stage for a promising trajectory.
ALong
by HASHInvests200
2025 Bright Outlook for Malaysia's Renewable FutureThe Malaysian Budget 2025 has set the stage for significant growth in the renewable energy sector, particularly solar power. With a renewed commitment to transitioning towards clean energy, the government has extended several key initiatives that support the development of solar energy solutions across the country. This includes the continuation of the Green Technology Financing Scheme (GTFS) with a substantial funding amount of RM1 billion up to the year 2026, which is intended to foster a thriving renewable energy sector in Malaysia. Additionally, Budget 2025 allocates over RM300 million under the National Energy Transition Fund (NETR), which represents a significant increase from the RM100 million allocated previously. This boost is intended to solidify Malaysia's position as a leader in renewable energy and accelerate the country's energy landscape transformation. The demand for solar energy continues to grow, driven by the extension of the net energy metering (NEM) program until June 2025. This extension is a critical measure to encourage clean energy adoption among residential and industrial users, further propelling the nation's shift towards renewable power sources. The government is also providing e-rebates of up to RM70 million to promote the adoption of energy-efficient electrical equipment, which will not only reduce energy consumption but also incentivize businesses and individuals to transition to more sustainable energy solutions. These initiatives create opportunities for various players in the solar energy field, particularly smaller companies that are well-positioned to leverage the increasing adoption of renewable technologies. For example, Agape ATP Corporation (ATPC), listed on the Nasdaq, is among the smaller players that could benefit from this positive policy environment. Recently, Agape ATP Corporation's subsidiary, ATPC Green Energy Sdn Bhd, has teamed up with Phoenix Green Energy Sdn Bhd to accelerate the development and commercialisation of cutting-edge solar power solutions in Malaysia. This partnership focuses on developing amorphous thin-film solar panels and related technologies to support diverse applications, particularly in power production, thereby contributing to Malaysia's transition to sustainable energy. Additionally, Agape ATP Corporation, through ATPC Green Energy, has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. This collaboration aims to support the ASEAN region's efforts towards a zero-carbon energy future, further solidifying Agape ATP's role in the renewable energy sector and positioning them to make significant contributions to the regional solar market transformation.
ALong
by HASHInvests200
(Transcript) NASDAQ: ATPC | Building on the Solar Energy Game Welcome to a new era of opportunity in Malaysia’s renewable energy sector. As the country accelerates its transition to clean energy, solar power stands out as a promising area of growth and investment. For investors looking for sustainable and profitable ventures, Agape ATP Corporation (NASDAQ: ATPC) offers an exciting entry point into this booming market. Malaysia's government is driving the adoption of renewable energy with ambitious targets: 31% of energy from renewables by 2025 and 40% by 2035. Solar power is at the forefront of this transition. Thanks to initiatives like the Large Scale Solar (LSS) programme and the Corporate Green Power Programme (CGPP), solar energy costs have plummeted, becoming 53% cheaper than fossil fuels in recent years. This shift opens up substantial investment opportunities, especially as demand for sustainable energy sources grows. Malaysia is also becoming a digital hub in Southeast Asia, with data centres playing a critical role. These facilities require stable and reliable energy, presenting a unique opportunity for solar power. As data centres continue to expand, their energy needs are aligning with the capabilities of solar energy, especially through virtual power purchase agreements (VPPA). By integrating solar power into their energy mix, data centres can not only lower their operational costs but also meet their sustainability goals. This makes solar a crucial partner in powering the digital age. For investors, ATPC represents a strategic opportunity to capitalise on Malaysia's solar boom. The company’s recent expansion under the LSS4 programme has increased our renewable energy capacity, positioning them as a key player in supplying clean power to industrial clients and data centres. ATPC’s latest solar developments includes the collaboration with Phoenix Green Energy to drive the development and commercialisation of cutting-edge solar power solutions in Malaysia and expansion into Sabah’s solar farming sector. This collaboration focuses on advancing a diverse portfolio of solar products, including amorphous thin-film solar panels, which are designed to support various applications, particularly in power production. As Malaysia pushes forward with its energy transition, the demand for solar solutions will continue to grow. ATPC’s recent projects are already generating returns, with the potential for significant long-term growth as more data centres and industrial clients opt for renewable energy sources. Now is a great timing to look into ATPC as a long-term yet sustainable investment.
ALong
by HASHInvests200
CSIQ bullish over multiyear period, Battery Energy Storage upsidCSIQ may be weak in the short term, but the price leave plenty of potenial upside for a multiyear period. -deep below tangible book value. price under 20 now and tangible book value near 40. -2.87 eps next year '25 expected, and 10.00 potential over next 5 years on a under 20$ stock -62% ownership in CSI solar subsidiary which trades in china , offsets all or most of csiq debt 5 year price target potentials -tangible book level, stock could initially spike to at least tangible book level (deepvalue) -as EPS rises, stock could trade at some multiple of earnings , 20-30 multiple on 10 eps? On BESS and CSI/CSIQ",credit perplexity.ai search Battery Energy Storage Systems (BESS) are becoming increasingly important in the renewable energy sector, and Canadian Solar Inc. (CSIQ) along with its subsidiary CSI Solar are well-positioned to benefit from the industry's growth over the next 5 years. Here's an overview of the situation: ## BESS Industry Growth The battery energy storage market is experiencing rapid expansion due to several factors: - Increasing adoption of renewable energy sources - Growing need for grid stability and peak demand management - Declining costs of battery technology - Supportive government policies and incentives ## Canadian Solar's Position Canadian Solar, through its subsidiary CSI Energy Storage, has made significant strides in the BESS market: 1. **Product Development**: In 2022, the company launched its proprietary battery storage product called SolBank for utility-scale applications . 2. **Manufacturing Capacity**: CSI Energy Storage announced plans to expand its battery manufacturing capacity from 2.5 GWh to 10 GWh by the end of 2023 . 3. **Project Pipeline**: As of Q2 2022, CSI Energy Storage's system integration pipeline reached 11 GWh, including 861 MWh under long-term service agreements and 1.9 GWh under construction or contracted . ## Benefits for CSIQ and CSI Solar Over the next 5 years, CSIQ and CSI Solar are likely to benefit from the BESS industry growth in several ways: 1. **Increased Revenue**: The company expects strong growth in its battery energy storage solutions, with shipments anticipated to increase by 500% compared to the previous year . 2. **Market Expansion**: CSI Solar is expanding into new markets, including residential energy storage and power electronics, which will help diversify its revenue streams . 3. **Synergies**: The growth in battery storage solutions will enhance synergies with the company's battery storage project development business . 4. **Competitive Advantage**: The SolBank product is positioned as one of the most bankable and competitive integrated battery storage solutions in the market . 5. **Long-term Contracts**: CSI Energy Storage's pipeline includes long-term service agreements, providing stable revenue streams . 6. **Industry Leadership**: Continuous R&D investment and technological innovation are helping CSI Solar maintain its leading position in the market . 7. **Financial Performance**: CSI Solar projects strong profitability, with net profits expected to reach up to RMB 1.40 billion in the first half of 2024, marking two consecutive quarters of growth . As the solar-plus-storage market continues to grow, Canadian Solar and CSI Solar are well-positioned to capitalize on this trend. The company's integrated approach, combining solar panel manufacturing with energy storage solutions, provides a competitive edge in the evolving renewable energy landscape. Citations: www.cpuc.ca.gov www.tipranks.com www.pvtime.org investors.canadiansolar.com seia.org sistinesolar.com www.csisolar.com www.sap.com
NASDAQ:CSIQLong
by optionfarmers
9
ATPC Partners with Photons Solar to Advance Solar PV SystemJoint Initiative to Boost Renewable Energy Adoption and Support Carbon Neutrality in the Region KUALA LUMPUR, 13SEPTEMBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), through its subsidiary, ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”) has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd (“Photons Solar”), a value chain partner of a Shenzhen Stock Exchange-listed Fujian Minfa Aluminium Co., Ltd (“Fujian Minfa Aluminium”). This collaboration focuses on developing solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. The agreement was signed at Photons Solar’s headquarters in Xiamen, China. This partnership comes at a pivotal time as ASEAN countries intensify their efforts toward a zero-carbon energy future. Governments in the region have been implementing various policies to encourage the development and use of renewable energy, with a strong focus on achieving carbon neutrality. The collaboration between Photons Solar and ATPC Green Energy, both leaders in renewable energy innovation, is designed to accelerate these efforts and drive the transformation of the ASEAN solar market. Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC said, “This partnership with Photons Solar is a strategic step forward for us as we continue to develop solar PV farms in Sabah. Our collaboration aims to address critical issues such as grid stability and power supply challenges, ultimately supporting Sabah’s shift to a clean, affordable, and reliable energy source. By aligning our efforts with a partner that shares our vision, we are well-positioned to make a significant impact on the renewable energy landscape in the region.” “We believe that sharing technological expertise is the key to driving innovation and fostering collaboration. By working with Photons Solar, we are combining our strengths to create versatile and flexible solar solutions that cater to the diverse needs of the ASEAN market. This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region,” How added. Photons Solar, renowned for its extensive experience in solar PV mounting systems with over 5 gigawatts (GW) in cumulative shipments and a 960,000 square meter manufacturing facility owned by Fujian Minfa Aluminium, brings a wealth of knowledge and advanced technology to this collaboration. The company is committed to providing high-quality, efficient, and customized solar mounting solutions that cater to various customer requirements. Mr. Paul Cao, Chief Executive Officer at Photons Solar, said, "We are pleased to partner with ATPC Green Energy, given their solid presence and experience in the ASEAN region. Collaborating with a company that understands the local market dynamics allows us to work more effectively towards our shared goals in promoting renewable energy. We look forward to this journey together.” The projects under this collaboration will leverage Photons Solar’s state-of-the-art solar mounting systems while drawing on ATPC Green Energy’s service-oriented approach. By integrating their expertise in project management, technological innovation, product quality, and service excellence, both companies are poised to deliver efficient, reliable, and environmentally sustainable solar projects that align with the region’s energy needs.
ALong
by HASHInvests200
How Malaysia’s National Energy Transition Roadmap (NETR) Can BenSource: PwC Malaysia ‌ The National Energy Transition Roadmap (NETR) of Malaysia is set to transform the nation’s energy landscape, and Agape ATP Corporation (NASDAQ: ATPC) stands to gain significantly from this ambitious initiative. ‌ As Malaysia seeks to shift from fossil fuels to renewable energy, the NETR outlines a comprehensive plan to boost green energy capacity, particularly in solar power, which is a key area of focus for ATPC. ‌ 1. Expanding Market Opportunities: ‌ With NETR's goal of achieving 70% renewable energy capacity by 2050, the demand for renewable energy solutions is expected to skyrocket. ‌ Agape ATP, with its strategic focus on solar energy through its subsidiary ATPC Green Energy, is well-positioned to capitalise on this growing market. ‌ The roadmap's emphasis on large-scale solar projects and rooftop installations aligns perfectly with Agape ATP's ongoing initiatives, potentially leading to increased business opportunities and revenue growth. ‌ 2. Government Support and Incentives: ‌ NETR includes a range of government support measures, such as lifting the ban on renewable energy exports and providing incentives for renewable energy projects. ‌ These initiatives could directly benefit ATPC by making it easier to finance and scale up its solar projects, both domestically and regionally. ‌ Access to government-backed incentives like the Green Technology Fund Scheme (GTFS) could further reduce the financial burden on Agape ATP, allowing it to expand its operations more rapidly. ‌ 3. Enhanced Visibility and Investor Confidence: ‌ As Malaysia’s renewable energy sector grows, companies that are active in this space, like Agape ATP, are likely to attract more attention from investors. ‌ The NETR's clear roadmap and government commitment provide a stable and predictable environment for renewable energy investments. This increased visibility could lead to stronger investor confidence in Agape ATP, especially given its alignment with the national goals of sustainability and green energy. ‌ 4. Strategic Partnerships and Collaboration: ‌ The NETR encourages collaboration between public and private sectors to achieve its ambitious targets. ‌ ATPC could leverage this opportunity to form strategic partnerships with other key players in the renewable energy space, as well as with government entities. Such collaborations could accelerate technology adoption, enhance operational efficiencies, and open up new avenues for growth. ‌ In conclusion, the National Energy Transition Roadmap presents a significant opportunity for ATPC to strengthen its position in the renewable energy sector. By aligning its strategies with the NETR, the company can tap into new market opportunities, benefit from government incentives, and contribute to Malaysia’s journey toward a sustainable future.
ALong
by HASHInvests200
ICLN - ISHARES GLOBAL CLEAN ENERGY ETF - USD Simply go long, it's the future! If the USA doesn't want to increase this ETF by 20 or 30 or 40%, the world will end up on its last legs! NVDA won't save the planet! ENPH Enphase Energy, Inc. 7.93% FSLR First Solar, Inc. 7.36% ED Consolidated Edison, Inc. 6.34% IBE.MC Iberdrola, S.A. 6.02% VWS.CO Vestas Wind Systems A/S 5.83% 600900.SS China Yangtze Power Co., Ltd. 4.09% EDP.LS EDP, S.A. 4.01% 9502.T Chubu Electric Power Company, Incorporated 3.81% ORSTED.CO Ørsted A/S 3.74% SUZLON.BO Suzlon Energy Limited 3.17%
NASDAQ:ICLNLong
by Maximus20000
Bitcoin Bullrun Rings (2016-2024)In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least. Forward-looking projections and Key Takeaways: As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all. One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend. I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at 69K Final Thoughts Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings. Thanks Here is a link to the original post x.com I will be sure to post updates zoomed in as we approach a ring.
BITSTAMP:BTCUSDLong
by LiquidMafia
3
Major Move Imminent for #SXP! Will It Breakout or Break Down?Yello Paradisers! Are you ready for what's next? #SXP is approaching a crucial point, and we need to be prepared for all possible scenarios. 💎Currently, #Solar is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.224, which could lead to a significant bullish breakout if sustained momentum is achieved. 💎Should this occur, we could see #SXPUSDT challenging the descending resistance and aiming for the major supply area at $0.3061. 💎A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area. 💎If #SXP faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.195. 💎Falling below this support could indicate a prolonged bearish trend, with #SXP continuing to trade within the descending channel. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
CSIQ oversold and valuation attractive Canadian Solar bounce potential trade. Its oversold and potentially pricing alot of the potential risk, making it attractive for a trade. Fundamentally is attractive. Tangible book value is 38 ish while stock is under 15. They took one debt to build manufacturing facility, so debt is productive. 3.6b debt vs 1.94 cash. PE is under 5, but when we factor in debt level, then the PE is realistically higher than PE shown. Economic Factors still tough. High rates are not helping solar industry as funding costs for operations and for consumer purchase financing costs are higher. Also energy costs are moderate and not super high, and if energy falls with weak economic demand then this would hurt solar demand potentially. Technical price action- Csiq has been in a deep downturn in price and near extremes on the bollinger bands. Earnings coming on may 9th will be a catalyst, negative earnings expected. Trade idea, in my option, would be to buy long stock with no options used. If the trade doesnt work, I believe holding would be worthwhile. Avoiding options and option decay seems appropriate. I would target somewhere between 20-24 where the 200 day moving average is. tangible book value is at 38, but I dont believe a move all the way to that is highly probably because of the debt level and the nature of small margin business.
NASDAQ:CSIQ
by optionfarmers
Solar stocks follow energy prices (crude oil).Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when economy does good. But energy sector performs well during good economy, whilst everything else is falling (Tech). Peak tech means bottom for energy? I think these are good hedge plays, if you believe rising oil or yields pose risk. Recently Chinese gov asked Jack Ma to return because their financial markets did poorly. There could be a sentiment shift, where indicator will be NYSE:BABA performance. People might still have an old bias?
AMEX:TANLong
by citsvar
The Invesco Solar Etf TAN based on the Global Solar Energy IndexThe Invesco Solar ETF is based on the MAC Global Solar Energy Index (Index). The Index is comprised of companies in the solar energy industry. Wall Street investors have only short-sold the future of the planet! They have shorted all the players that could be a solution to climate change (personal opinion). With the upcoming U.S. presidential elections, I expect that new financial promises will be put forward, and this ETF will regain strength. TAN etf, ASSETS UNDER MANAGEMENT $1.32B ICLN etf, ASSETS UNDER MANAGEMENT$2.54B TAN: Enphase, First Solar, SolarEdge, Sunrun, GCL Tech, Xinyi, Hannon Armstrong, Array, ... ICLN: First Solar, Vestas, Enphase, China Yangtze, Orste, EDP Portugal, SolarEdge, Suzlon, ...
AMEX:TANLong
by Maximus20000
Enphase EnergyThis is a chart of Enphase Energy (ENPH). For those who are not familiar with the company, Enphase Energy develops and manufactures microinverter systems for the solar photovoltaic industry. They are one of the preeminent companies in solar power. Recently, price gapped up on the daily chart following news that Congress would pass legislation to fund sustainable infrastructure projects. In the above chart, each candlestick represents a 6-month period. Analyzing higher timeframes can often help us determine trend reversals long before they happen. This higher timeframe chart reveals a very peculiar candlestick pattern: the sneaky bearish tri-star pattern. This pattern occurs when three Doji candlesticks form after a bull run. This pattern can warn that a major reversal is coming. See below image. A bearish tri-star pattern is an insidious topping pattern that Wall Street smart money would love for you to not know about. In short, it appears because Wyckoff distribution is occurring underneath the surface. While I cannot describe the entirety of Wyckoff distribution in this post, I can say that, in short, Wyckoff distribution is when smart money gradually distributes or sells their shares near the top. The gradual nature of the selloff traps the unsuspecting "weak hands" (mostly small retail traders) who buy while unaware that the bull run is in its final phase. Sometimes, since smart money is especially manipulative, they manufacture a sudden upthrust in price near the end of the Wyckoff distribution, which may be what's happening right now. This sudden upthrust (UT or UTAD) is a price move above resistance that quickly reverses and closes lower. The upthrust is a test of the remaining demand. It is also a bull trap: It appears to signal the resumption of the bull run but in reality, is intended to trick uninformed breakout traders. A UT or UTAD allows Wall Street smart money to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to breakout traders before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move. In my years of trading experience I have seen the above chart many times before, and the result is almost always the same. This chart is in the phase that some of us traders call a "fake out". A fake out occurs when price appears to be breaking out when actually it is just forming an upper wick. This occurs when price has been moving within an ascending wedge and after bearish divergence has occurred on the RSI. The final phase is when the RSI breaks out after bearish divergence and while in overbought territory. Price then pulls back down strongly and a long upper wick forms on the candlestick. In essence, this is just another way of visualizing the upthrust phase of Wyckoff distribution. The final RSI breakout is the UTAD of Wyckoff distribution. Here's another Trading View user who is apparently seeing the same thing as I am, though this post is from before the current upthrust: Also worth mentioning is that it is interesting that corporate insiders have been only selling their positions and there has been no reported insider buying for nearly a year (see below). This is not usually predictive of future price action, but it can give a general sense of sentiment among insiders at a company. So it's worth watching to see if ENPH will reverse downward. Perhaps it will blast through this level and my analysis prove wrong. As a trader, you must always be willing to accept when you're wrong because your money is more important than your ego. With that said, just remember this is a long-term chart and price may continue moving up before reversing down. Some related charts, including the charts of ETFs that hold ENPH and the ENPH/SPY relative chart, suggest that ENPH does have the momentum necessary to break out to the upside. It's just looking very suspicious right now. This post is not making a short call on ENPH, it is just an observation. It is not financial advice. Although I may choose to open a position, at the time of writing this, I have neither a long nor a short position open on ENPH. This is an objective, non-biased analysis. I'll be keeping an investigative eye on this chart.
NASDAQ:ENPH
by SpyMasterTrades
30
SXP/USDT Poised for Bullish Journey | SXP Analysis Today💎Paradisers, focus on SXPUSDT! We've noticed its unwavering stance, firmly anchored at a key support level, and primed for a potential upward swing. 💎In the past, SXP has been operating under a distinct descending trendline, which has repeatedly acted as a significant barrier. Yet, a recent momentum shift saw it breaking away from this confining trendline. 💎As it currently retests its support, we're optimistic about its prospects to challenge the 0.3669 resistance once again. If it breaches this mark, the gateway to an elevated resistance zone opens up. 💎Conversely, if SXP undercuts the support, a continued bearish trajectory might be on the horizon. 💎Enhance your trading decisions for Solar with ParadiseFamilyVIP. Dive into our expert perspectives on SXP and other potential tokens, elevating your crypto strategy.
Long
by MyCryptoParadise_Simon
Array Technologies Opportunity Array Technologies - NASDAQ:ARRY Aksel Kibar from TechCharts was the first to cover this trade and after looking over his brilliant analysis which I highly recommend you review, I have added some of my own observations. - Price is above the 200 DSMA & POC giving us good underside support and good areas thereunder to place a stop. - My targets align closely with Aksel's targets, however I have used Fibonacci Extensions and amazingly these line up nicely with the pattern targets outlined by Aksel. Targets Range: $34 - $43. Additional - The DSS has crossed. Every past time this has happened we have had a min 18% to 100% + move. We could get another rejection here from the upper purple boundary as we have had that 18%+ already however given the H&S set up, DSS cross and the ascending triangle we are in now, we would likely bounce off the POC/200DSMA in the event off and continue the ascent (no guarantees of course) - The OBV underside resistance line has provided a significant bounce in the past (green circle) and this could be where we launch again from now and with some luck break through the upper OBV resistance line which would be a nice confirmation. What is Array Technologies? Headquartered in Albuquerque, New Mexico the company have manufacturing sites in Brazil and Spain which provide essential solar farming products through their many regional offices around the globe. With a market cap of $3.3 Billion this Solar Product and Tracking company is small but has incredible potential. The company offers four main products that allow for the build of highly weather durable solar panels that can be erected on very rough and uneven terrain without having to complete landscaping. They have refined their software and durable gearing mechanisms to maximize solar efficiency. The company hold the patents to these unique offerings. AS recently as yesterday Array got an overall rating of 63 from Investors Observer. This means that it scores higher than 63% of stocks. Array also gets a 69 rank in the Technology sector. From reading a little about the founder Ron Corio and the history of the company, it is clear that since inception in 1989 they have been reinvesting profits to expand their products and reach. Corio stepped down as CEO before the 2022 IPO and resigned from the board simultaneously becoming New Mexico's first billionaire and being named the Ron of Solar. The recent IPO in 2022 was a further signal of the company's expansion vision. It will be fascinating to see how the company performs and how our chart progresses over the coming weeks and months PUKA
NASDAQ:ARRYLong
by PukaCharts