Kind of think this might be a top for solar and renewable energy stocks for a bit. Quite a run spurred by some high demand and legislative news. Times like these I wish had bought even more during the negative sentiment times of course, but I always feel being too overweight anything is too risky for my comfort level. Had to trim Enphase position a little today. As much as I love the company, stock is overextended. One piece of bad news, or even just Republicans leading polls for midterms (it is August after all) will send these stocks down 20% in a week. I’ve learned you can never get comfortable, even as a long term investor, when dealing with a volatile growth industry. These swings are too wild and there’s a lot of crap you can step in if you’re not careful. $ENPH $ICLN $SPWR $SEDG $FSLR $RUN $AMRC
Eric Messenger's avatar
Yup I sold my $DQ because it was up ~80% in less than 4 months; gotta take advantage of the irrationality sometimes. Went to school for solar engineering; got into Enphase at $1🤣🤣. Recovering from two spinal fusions required me to liquidate what little investments I had well before they saw $100🥲. But it helped me believe in myself when I saw growth right in front of my face. We were installing Enphase everywhere and so was everyone else. Only people not bullish were investors.
The Hippie Investor's avatar
@wall_street_deebo invest in what you know really does give you an edge. Sorry to hear about the spinal surgery, glad you were able to recover!
The Hippie Investor's avatar
On the other hand $SOFI and $PARA still undervalued.

Expect SoFi to take off once Biden makes a decision on loan forbearance and forgiveness as that will be the kicker to their already impressive growth this year.

Paramount thesis will take a little longer to play out given the transition to streaming and the somewhat shaky macro situation right now but I only own it via 15% yielding preferred shares in my Roth so happy to wait.
Astronautwizard's avatar
Exactly my thoughts! Took a 30% profit, ill come back in under $210
Nathan Worden's avatar
This was pretty much a perfect call for $SEDG in the short term 👀 Bravo 😃
Rihard Jarc's avatar
I don't like a sector that is too reliant on politics, seems so unpredictable.

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