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These are the Morons Who are Running Climate with Our Government
- Thread starter Terrel L. Shields
- Start date
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
SunPower Corp. has suspended new solar installations and halted shipments, causing its stock to plunge by nearly 40% in afternoon trading. The solar company informed dealers that starting September 17, it will not support new leases, power purchase agreements (PPA) sales, or new project installations. This decision, outlined in a letter included in a research note from Roth MKM, signals severe operational challenges for SunPower.
Analysts and market observers reacted sharply to the announcement. Pol Lezcano, an analyst with BloombergNEF, remarked, "They are essentially saying that they're not able to continue operations." This sentiment was echoed by Roth analyst Philip Shen, who noted that the company might have "hit a wall."
SunPower's shares dropped by as much as 38%, trading at $1.48, marking one of the worst performances on the Nasdaq Composite for the day. This drastic fall adds to the company's already significant market value loss this year, driven by a downturn in the rooftop solar sector and internal difficulties.
Analysts and market observers reacted sharply to the announcement. Pol Lezcano, an analyst with BloombergNEF, remarked, "They are essentially saying that they're not able to continue operations." This sentiment was echoed by Roth analyst Philip Shen, who noted that the company might have "hit a wall."
SunPower's shares dropped by as much as 38%, trading at $1.48, marking one of the worst performances on the Nasdaq Composite for the day. This drastic fall adds to the company's already significant market value loss this year, driven by a downturn in the rooftop solar sector and internal difficulties.
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Tahlequah Family Frustrated; Say Company Told Them Solar Panels Would Work With City But Don’t
A Tahlequah family says they are out more than $20,000 after buying more than a dozen solar panels for their house, they can’t use.
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Car makers are scrambling to tool back for ICE instead of EVs. Repo'd cars are up dramatically. Credit cards are now stopping BNPL - buy now, pay later purchases. (I got the notice today.) Russia is still the biggest supplier of European and Chinese natural gas. Gasoline prices sag as demand, particularly in Asia falls as export sales slump there. Meanwhile, Solar energy surplus in California has resulted in wasted energy that cannot be stored. And Hydrogen is being touted as the end all for gasoline but neglects that the vast majority of hydrogen is created by cracking methane (natural gas) down into H2 and oxygen which requires even more natural gas /electricity to do the cracking by electrolysis. Hydrogen exploration similar to gas well drilling, is doomed to fail.
The world has gone mad.
The world has gone mad.
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Terrel L. Shields
Elite Member
- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Wind energy down as hot summer sees lower wind speeds.
U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer.
On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October 4, 2021, per preliminary data from the U.S. Energy Information Administration (EIA) cited by Reuters. This was despite constantly rising wind power capacity installations over the past three years.
The hot summer with low wind speeds has led to low wind power generation, which has prompted power producers to boost natural gas-powered generation to keep up with the summer electricity demand. So far this year, six of the 10 lowest days for wind power have occurred in July, according to Reuters estimates. Last year, just two of the 10 lowest wind power output days were in the month of July.