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Bitcoin Elliott Waves & Renewable Energy IndustryBitcoin Elliott Waves plan update. So Bitcoin strugling to hold and fall down towards 30-ish zone as the possible end of sharp-ABC correction of current cycle (still there is chances for 27-ish). Possible growth of Bitcoin to new ATH on the radar and might take a few days to develop the bottom before take off. Despite recent China mining crackdown there is most likely China miners will be fine. According to btc . top CEO Jiang Zhuoer - only unregulated China miners under treat of crackdown. Those miners who follow China regulations are fine. Some of the miners indeed will shift facilities to less regulated regions like Central Asia (The region consists of the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan). But this shift will open new markets for China as supplier energy and mining facilities. Nowadays, China is leading the way in the renewable energy industry, by being the largest manufacturer, exporter, and installer of solar panels, wind turbines and they might want find a new markets across the globe to supply their products. I expect increased demand in the mining facilities running on renewable energy during Q4 2021 and 2022. Obviously market change shapes quickly and we have to be aware of uncontrolled risks. Stay focused on the balance of your basket. Best regards, Artem Shevelev
BITSTAMP:BTCUSDLong
by ArShevelev
6
Solar Energy ETF - Death CrossChart shows death-cross highlighted as a pink circle. The definition of a death-cross is when the 50sma crosses below the 200sma. This technical pattern signals further downside. The red horizontal level R1, is the bullish short-term target, if we can cross the 50 (orange) and 200 (red) moving averages, and revert the death-cross. However, unless we can stay above the mid-level (blue-line), that is unlikely happening.. S1 could be an important support around $58, as we see a couple of tests back in September 2020. OBV shows lower lows, supporting the downtrend.
AMEX:TANShort
by dorfmanmaster
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher. My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style. I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some. Have fun! Not investment advice. just ideas.
NASDAQ:TSLALong
by primroseverglade
SUNPOWER Possible Breakout on 1M ChartIf you follow my last #analysis from July,2020 about #SUNPOWER Inc. , there was a Golden cross of 21d MA and 50d MA. That was the reason, I was very positive about its uptrend. Of course, only chart and Golden cross wouldn't be enough for a company to give good ROI for investors. #Sunpower has at the moment a notable amount of long-term and short-term loan. But, the company has also gained some big companies ( #Toyota,# Macys, #FedEx ) as new partners for #sustainable #greenenergy If #sunpower breaks the upper channel then the next price target could be around 50$-55$ . *** Just sharing my own opinion , NOT AN #INVESTMENT #ADVICE.
SLong
by crackthechart
3
$JCS Announces Agreement to Merge with Pineapple Energy, LLCCommunications Systems, Inc. Announces Agreement to Merge with Pineapple Energy, LLC $JCS ("CSI" or the "Company"), an IoT intelligent edge products and services company, today announced that it entered into a definitive merger agreement with privately held Pineapple Energy, LLC ("Pineapple"), a growing U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Pineapple recently signed definitive agreements to acquire Hawaii Energy Connection ("HEC") and E-GEAR, both Hawaii-based sustainable energy solution providers. This transaction will pave the way for the combined company to effectively raise capital and use stock as a currency to acquire other leading regional solar, storage and energy services companies." CSI expects the sale proceeds from any pre-merger divestitures to be distributed in the form of a cash dividend to existing CSI shareholders prior to the effective date of the merger. In addition to any proceeds from pre-merger divestitures, CSI expects to distribute to the pre-merger shareholders a cash dividend of at least $1.00 per share prior to the closing of the merger. The Company also intends to make additional cash dividends from cash, cash equivalents, and investments and proceeds from the sale of legacy CSI assets and businesses sold after the merger through the CVRs. Each CSI shareholder as of the merger record date, will receive Contingent Value Rights ("CVRs") that reflect the right to receive that shareholder’s percentage of the net proceeds from the sale of legacy CSI businesses and assets, after the closing. Additionally, current CSI shareholders will retain shares in the combined company, initially holding approximately 37% of total shares outstanding. This ownership is expected to decrease over time due to earnouts to Pineapple shareholders and capital to be raised through potential future equity offerings. Other information about the Merger and Related Transaction The transaction is structured as a statutory reverse triangular merger under Delaware law under which a new CSI subsidiary will be merged with and into Pineapple. Pineapple will survive the merge r and become a wholly-owned subsidiary of CSI. The Members of Pineapple will receive base consideration of 15.6 million shares of CSI common stock. The base consideration will be increased for any outstanding convertible notes issued by Pineapple in a pre-closing financing, which will convert into additional shares of CSI common stock at a rate of $2.00 per share and be decreased for any outstanding indebtedness of Pineapple in excess of $22.5 million, which will reduce the base consideration at a rate of $2.00 per share; In addition to the base consideration, Members of Pineapple may receive additional shares pursuant to an earnout. Additional shares of common stock will be issued to Members of Pineapple upon the occurrence of the specific milestones. Financing Growth In conjunction with the merger, CSI and Pineapple Energy are exploring equity financing through a private placement that would close in connection with the closing of merger, with proceeds to be used by the combined company to finance additional acquisitions and working capital needs of the combined company.
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by AlenCiken
Why $SUNW skyrocketed in January?%SUNW stock popped on Wednesday as projected Democratic victories in Georgia runoff elections boosted investors' hopes for a more robust green energy agenda. Democrats Raphael Warnock and Jon Ossoff are set to win their races giving the party control of the Senate, according to projections from Decision Desk HQ and Insider. It seems Washington is set to go green with a Democrat-controlled Senate, plus Joe Biden's stated goal of a 100% clean grid at the core of his climate agenda. As the Washington Post reported green energy lobbyists are lining up for their shot to influence the Biden Administration. The rally comes on the back of multiple positive reports on the sector from the likes of Goldman Sachs and JP Morgan. JP Morgan analyst Paul Coster said in the company's December Alternative Energy Outlook that "the falling cost per watt of renewable energy…positions wind and solar as the lowest-cost source of energy in approximately 70% of the world. markets.businessinsider.com After nearly running out of cash last year, the company has a new lease on life after selling $20 million in stock in December and paying off a $2.7 million loan. Sunworks intends to use its improved balance sheet to drive growth. The biggest problem for Sunworks is that it isn't even close to making money. Revenue in the first nine months of 2020 was just $29.3 million and losses were $11.1 million, or $0.75 per share. Those trends look like they'll continue, and with bigger, more established solar stocks available, this isn't a gamble I would be taking today. www.fool.com
S
by AlenCiken
Sun Power $SPWR to complete Head & Shoulders? LONGSun Power has had a rough go w/ the overall market struggling, but it should be close to reaching a strong support point with previous lows looming. The maroon-circled region represents an area of excellent entry, with the trace down further being somewhat dubious. Patience can be exercised here a little. The corrective wave is happening, but we cannot rule out a trace down to 31/s. That is fully possible. While there's little fault to be found with entering right now (circa 10:30 AM EST), there possibly may open up an even lower buy point. Regardless of whether it does or not, this stock should have no problem ascending back to its previous levels as the market normalizes. A target sell-point can be tenatively scheduled between 41 and 44 per share; with that maybe being a 1/2 exit. For this moment? We find that entry point! BEST OF IT ALL! -BDR
SLong
by BDRTrigger33
2