IPO Pricing Day Super Sized. Array Technologies, soon to be ARRY, increased the share sale that could reach nearly $1billion if underwriters exercise the options, which they are likely to do. Today we get the IPO pricing and expect the company to start trading on Thursday. Here’s a SolarWakeup prediction, with the success of Array’s IPO I think we will see Flex spin NexTracker out into its own public company.
I’m Not A Scientist. Louisiana Senator Kennedy asked the SCOTUS nominee if she believed in climate change, but she’s not a scientist and has no firm view on the issue.
New Lipstick, Same. PG&E headlines tend to repeat themselves. It seems like the wildfires may have overlapped with some equipment issues and a judge wants to hear more as regulators investigate. Governor Newsom will soon realize that the path forward means turning PG&E into a wires only company and letting CAISO expand its DER pricing signals.
Solar Policy Is Climate Policy. Axios’ Amy Harder has a thorough interview with BP’s CEO. Amongst many topics, he outlines the company’s focus on advocating for climate policy. Whether it’s BP or Amazon, it’s time to understand that the best way to drive climate policies forward is to invest in solar advocacy. Bloomberg understood this with the beyond coal campaign. This generation’s way forward is with solar advocates.
CALSSA All-Member Meeting. Join us this Thursday for the largest membership meeting ever held by a solar trade association. If you’re not a member of CALSSA, it’s easy to join and I’m happy to help you do just that. Register here for the all-member meeting.
Get The Power. Later this year, the residential solar market is going to get some major savings with most of their balance of systems when the shift to higher power solar modules really gets going. With power density going up more than 10%, those savings will trickle down to mounts, rails, inverters, labor and wire and hopefully into installers’ wallets. Make sure you are getting the best modules and pricing possible by joining the SolarWakeup Buyer’s Group. You can see the pricing on our price discovery page.
- Seeking Alpha: Ground monitoring systems developer Array Technologies adds more shares to IPO
- Mother Jones: On Climate, Amy Coney Barrett Demurs, “I’m Not a Scientist.”
- Utility Dive: PG&E probation judge demands details after utility equipment seized in wildfire investigation
- Axio: BP’s climate reinvention dodges politics
- Grist: New poll on climate change – Denial is out, alarm is in.
- Greentech Media: Forget King Coal. Solar Is ‘New King’ of Global Power Markets, Says IEA
- Reuters: ‘Blue wave’ U.S. election expectations trigger green stocks frenzy
- Rocky Mountain Institute: Financial Shifts Are Accelerating the Clean Energy Transition
Opinion
Best, Yann