| Solar stocks are soaring and running counter to the down market. Just a few of the recent winners include First Solar (up 120%), Enhpase Energy (Up 48%) and Canadian Solar (up 33%) since July 15. The recently passed Inflation Reduction Act just added an avalanche of subsidies for the green energy market in general and the solar market in particular. This avalanche is making the sector recession-proof and helping many companies in solar defy the market and make money for investors regardless of what happens in the broader markets. Fully $135 billion of the $370 billion bill is earmarked for solar and wind subsidies. And that doesn't even count the $200 billion set aside for green energy in last year's infrastructure bill. In short, the solar trend looks unstoppable, with none other than Elon Musk declaring: "Solar power will be the single largest source of electricity by the midpoint of the century." Whether that prediction proves accurate or not, it's clear that the solar trend is one of the megatrends in today's economy, one that makes it nearly recession-proof. And one solar name that looks likely to capitalize off this megatrend is Three Sixty Solar. Three Sixty Solar just started publicly trading in August 2022. Its business model revolves around solar towers that allow solar arrays to go in more places than ever before. That's critical, because up until now, solar energy has had a space problem: the places where solar could go was limited to places with enough acreage to support a commercial-sized solar farm. Because Three Sixty Solar's towers go up, rather than out, they use up to 90% less space than typical solar arrays. This allows developers and policy markers to dramatically expand the chessboard for where solar can go. Thus, higher-density urban areas and suburban neighborhoods are places where solar can now be built on a commercial scale, thanks to Three Sixty Solar's towers. With all the subsidies flowing solar's way, Three Sixty Solar looks to be in the perfect position to benefit, even in the face of a potential recession and a bear market. As government's scramble to meet their (likely overaggressive) goals for clean energy, they'll gravitate naturally to Three Sixty Solar's vertical solution to solar arrays. And as orders for Three Sixty Solar's towers gain traction, the company has the potential to deliver windfall profits to early investors even in a falling market. To learn more about Three Sixty Solar and how it's ready to ride the solar megatrend to a much bigger market cap, click here. |
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