$WBX to $18 by Nov 30Wallbox is a Barcelona-based EV charging company that uniquely provides affordable home chargers for global customers.
Their CEO is a former Tesla employee and the company has recently teamed up with UBER and SunVault to help expand into the US market.
Expected EBITDA to be profitable by 2024 (remember, we're nearly in 2022!) with in-line revenue targets consistently reached as well as overcoming supply chain woes.
A fairly underappreciated EV stock amongst traders and investors alike, though the upcoming US infrastructure bill and pre-existing EU subsidies for EVs, will continue to add value to Wallbox's share price.
We have a modest price target of $18 by the end of the month with significant upside in the long term. Wallbox is a great backbone stock for those who missed or caught late the EV super trend.
Solar
$SEDG: Time To Get $TAN?SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer term until retail trends begin to develop in a more broad based way. Good luck!
TAN - Getting Ready for next Big Breakout TAN Solar ETF has been on upside momentum for a while. You could clearly see it had a channel breakout first, and then breakout the strong resistance line and now consolidating side ways for last 1 week or more, testing the next resistance levels. Weekly charts also shows that the buying demand is high and bulls are in control. Getting ready for next breakout. Targets 107.25, 113.20, 125.05, ATH. Can't give exact timelines, as markets are floating with light volumes getting into Holiday Season.
$PPSI LONG - HV1 Highest Volume in Over a YearSolar is one of the best sector right now. I'm willing to bet on NASDAQ:PPSI .
Reason to buy:
Low market cap - under $100m
high institutional volume - +4795% few days ago
Good for long term position trading
entered below $8.00 earlier. Starting to accumulate right now. I will continue to buy more when it dip below $8.
TP: $12+
good entry: $8 below
Where is Enphase Stock Moving Next?Enphase Energy NASDAQ:ENPH is following a similar pattern as it did in October 2020. Where it was coming off a rapid runup, slight consolidation, and then a sell-off just a few days before earnings.
Do you think the Solar/Energy stock will start to consolidate until earnings in a few days?
Or are the inflationary pressures just too much of a headwind?
MMAT Levels To Watch Right NowNot much happening with major Fib levels for MMAT however, that 200DMA seems to be acting as a potential level of support after falling below the 786 fib line. Meanwhile, there seems to be a level of resistance around $5 that has been the case several times over the last few months. The big question now is will the 200 hold this week?
Also have the SC13 G from last week to keep in mind. Nova Scotia Innovation Corporation (Operating as: Innovacorp) reported a 4.399 % stake in the company. This was an amended 13G and if you look back at the one posted on 7/7, you'll see Innovacorp reported a 6.558 % stake.
🌻 SOLAR ENERGY - About to BOOM! 🌞Some posts I like to go back to and say 'Hey, I bought at a great time, i did well'
I have a feeling this will be exactly in this category in a years time. Same as it happened with Lithium for example
Looking at this chart I have a statement to make: It WILL rise and it WILL make me money. That's my opinion after i have also done research:
🌄 Fact 1 : US is about to invest heavily and compete with China
🌄 Fact 2 : There is a Global urgency to limit emissions
🌄 Fact 3 : Biden's plan is clearly to Boost this industry NOW!
🌄 &utm_content= &twclid=11414976558985617409]Fact 4 : Some of the major disadvantages have been improved. (Cost and efficiency)
🌄 Fact 5 : The Sahara can be Europe's next big investment
🌄 Fact 6: Our civilization depends on it's ability to use the Sun's energy!!!! (Google Kardashev scale )
🌅Advantages:
🔆Solar power is pollution free and causes no greenhouse gases to be emitted after installation
🔆Reduced dependence on foreign oil and fossil fuels
🔆Renewable clean power that is available every day of the year, even cloudy days produce some power
🔆Return on investment unlike paying for utility bills
🔆Virtually no maintenance as solar panels last over 30 years
🔆Creates jobs by employing solar panel manufacturers, solar installers, etc. and in turn helps the economy
🔆Excess power can be sold back to the power company if grid intertied
🔆Ability to live grid free if all power generated provides enough for the home / building
🔆Can be installed virtually anywhere; in a field to on a building
🔆Use batteries to store extra power for use at night
🔆Solar can be used to heat water, power homes and building, even power cars
🔆Safer than traditional electric current
🔆Efficiency is always improving so the same size solar that is available today will become more efficient tomorrow
🔆Aesthetics are improving making the solar more versatile compared to older models; i.e. printing, flexible, solar shingles, etc.
🔆Federal grants, tax incentives, and rebate programs are available to help with initial costs
🔆No trenching is needed since the solar can be close to or at the place of installation
To the moon? Well as a Greek. I do prefer the Sun ( Helios )
One Love,
the FXPROFESSOR 🌞🌻
Bullish- LongLooks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish.
PT1- 260.77$
PT2- $270+
(Boxes are RSI based Supply/Demand zones)