Guest opinion: Utah’s solar industry needs a free and open market

Guest opinion: Utah’s solar industry needs a free and open market

As an employee of a Utah solar company, Creative Energies, I know the value the solar industry has to modernize, grow and protect Utah’s economy and communities. However, the industry is being… Stocks will likely remain range-bound and continue their volatility as we head into October, but it’s not all doom and gloom. Sep 25, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.” Global “Mobile Messaging Services Market”…

As an employee of a Utah solar company, Creative Energies, I know the value the solar industry has to modernize, grow and protect Utah’s economy and communities. However, the industry is being threatened by Rocky Mountain Power, jeopardizing the accessibility of this clean energy technology for Utah homes and businesses.

The Public Service Commission is in the process of deciding whether to accept the recommendation of RMP to drastically reduce the export credit rate — the amount homeowners receive for excess solar power going back to the grid for public consumption. If RMP is successful, most people won’t be able to afford to invest in clean, renewable solar energy.

What does this mean for Utah communities and businesses?

Families and businesses won’t be able to afford it, making solar accessible only to the wealthy, despite the fact that solar is cheaper than coal, where most of RMP’s energy comes from. The collapse of the solar industry in Utah’s free and open market would prevent individuals from being able to get their energy from more affordable and cleaner sources. Instead, we will all be stuck with coal power, designed to generate electricity from one large source and push it out on an antiquated grid.

Secondly, our overreliance on coal is hurting our health and environment. As Utah experiences an increase in lung-damaging diseases, the threats of continued pollution are more real than ever. Utah and its elected officials, who are supposed to be protecting us, should do everything they can to bolster the solar industry instead of allowing it to be forced into extinction.

Finally, most solar companies will not survive such an erroneous attack on Utah’s solar industry. COVID-19 has been devastating to so many small businesses. However, our business has found that solar technology is resilient and has been sought out during this pandemic. We attribute this to what solar technology provides (privately owned, clean on-site energy production) and two major events in 2020 that knocked out power to 240,000 homeowners and businesses in the Salt Lake Valley (the March earthquake and the downslope wind event this month). We saw a major uptick in clients wanting resiliency and self-reliance. When solar technology is coupled with battery storage, a home creates its own microgrid during a large-scale power outage event.

Together, all of these impacts make rooftop solar an important investment for Utah and its citizens. If utilized properly, it will create jobs and increase sources of electricity to help bolster our economy as it gets back on its feet post-pandemic. An open market favors innovation, businesses favor diverse opportunities for growth, and Utahns favor energy independence, a pathway to self-reliance and having cleaner air.

Rocky Mountain Power has tried killing the solar industry more than once, first by attempting to institute a “sun tax” for rooftop solar owners and lowering the export credit rate. Since 2017, when the export credit rate was lowered, the industry saw a significant drop in solar installations resulting in 600 jobs lost. Reducing the export credit by 84% could certainly complete the collapse of the rooftop solar industry in Utah.

As a Utah resident, I know myself, my co-workers and our customers love living here because of its natural beauty, culture and values. We also know that the well-being of our community depends on making responsible and visionary choices. By supporting accessible, local, distributed renewable energy generation, we are ensuring a reliable, more affordable and cleaner energy future for everyone in Utah. We call on the members of the Public Service Commission to protect Utah’s solar industry from an energy giant as it competes against solar in a free and open market.

Tom Mills is a policy advocate for Creative Energies Solar in Salt Lake City.


Author: Tom Mills

How to Navigate This Week's Market Volatility

How to Navigate This Week’s Market Volatility

As we discussed in last week’s update, the market’s fear index — the VIX (INDEXCBOE:VIX) — is at an important inflection point. In our view, the most likely outcome is sideways trading, which is where our outlook continues to be focused on the short term.

a yellow warning sign that says "volatility ahead"

Volatility since last Wednesday has been high, but there haven’t been any significant support levels broken and the underlying fundamentals remain stable.

Part of the reason we continue to feel confident is based on the reaction to the Federal Reserve Chair Jerome Powell’s comments to Congress on Tuesday. Although full of dire warnings, Powell’s statement is being interpreted as putting pressure on lawmakers to get another big round of stimulus passed. Whether that comes to fruition or not is uncertain, but investors see that as a positive.

Because we are in between earnings reporting seasons and there isn’t a lot of additional economic data due this week, investors will likely continue to push stock prices back and forth in a fairly wide range. This is a good time to evaluate intra- and intermarket data to see if we can detect any signs of positive (or negative) momentum.

We can’t let a weekly update go by without taking a look at the tech sector, which has been one of our favorites this year. The selling earlier this week was largely focused on tech, including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), which makes sense when valuations are considered.

While it is true that tech is a little overvalued, the proportion of profits from that sector, compared to the S&P 500 as a whole, helps justify those values. In fact, tech has the largest positive difference between its profit margins and the average profit margin in the S&P 500 — 19.2% vs. 10.8%, respectively — which is a metric we monitor for signs of weakness.

As we have mentioned many times in the past, transportation stocks are an important confirming indicator for the market. If transports are hitting new highs, we see that as a sign of strength for the major indexes.

As you can see in the following chart, although transports have pulled back this week, the Dow Jones Transportation Average has broken resistance and new highs, which should be seen as confirmation that retail and business spending is still relatively stable.

Daily Chart of the Dow Jones Transportation Average (DTX)

Although it is good to see the sector performing so well, we have to temper our enthusiasm a little because of the amount the index is influenced by United Parcel Service (NYSE:UPS) and FedEx (NYSE:FDX), which make up a large portion of the gains for the group.

We have to assume that demand for this kind of shipping could shift very quickly if consumer incomes (or unemployment benefits) drop.

As a rule, investors look at small-cap stocks (companies worth less than $2 billion) in a similar way to transportation stocks. If small caps are gaining (and even outperforming) on large caps (stocks worth more than $10 billion), then it is solid confirmation of bullish momentum because small stocks are riskier so investors must be more confident.

This has been a weak spot for the market over the last several weeks. As you can see in the following chart, not only have small caps — as represented by the iShares Russell 2000 ETF (NYSEARCA:IWM) — been underperforming, but as of Tuesday’s close, they are trading under June’s highs.

Daily Chart of iShares Russell 2000 Versus the Rydex Equal-Weight S&P 500 Index

The underperformance of small caps can be partially explained by the concentration of the biggest and most profitable tech stocks in the large-cap indexes. If we neutralize stocks like AAPL and MSFT with an equal-weight version of the S&P 500 then the comparison starts to look a bit more normal. In the chart, we have used the Rydex Equal-Weight S&P 500 ETF (NYSEARCA:RSP) with the IWM ETF to make this comparison.

We have to be careful when making a comparison like this; it can lead to cherry-picking the data that supports our bias and ignoring data that doesn’t. In this case, we think this is a fair comparison because of the unusual impact the big tech stocks have had on the major large-cap indexes this year.

If the bulls are truly gaining control (or are already in control) we would expect safe-haven investments to be moving lower. This includes U.S. Treasury bonds, Gold and safe-haven currencies such as the Swiss Franc and Japanese Yen.

As you can see in the following comparison, this is probably the biggest “yellow flag” we have in the market. Demand for U.S. stocks has been good, but global demand for safe-havens remains relatively stable without giving up many of the gains over the summer.

Daily Chart of Treasury Bonds Versus the Japanese Yen and the Swiss Franc

Although this isn’t a new development, strong safe havens are the best technical justification for maintaining a cautious outlook.

In fact, this week we have scaled back a little on our bullish positions by taking profits on Target (NYSE:TGT) and Nike (NYSE:NKE) and increased our bearish exposure a little with a new short position on Hess Corporation (NYSE:HES). We don’t plan to shift to an entirely bearish portfolio this month, but right now we think the timing is good to increase the balance in the current list of recommendations.

As we already mentioned, there aren’t many economic reports this week that we expect to move the market very much. There is a small trickle of early earnings reports, but the biggest X-factor is likely to be progress (or the lack thereof) for more stimulus.

Despite Powell’s urging, we feel that the fight over President Trump’s ability to appoint a new justice to the U.S. Supreme Court, following the sad passing of Justice Ginsburg, will harden the negotiating position of both sides.

If we are correct about gridlock in Washington, then there is a good chance the market is overpricing the potential for stimulus and could be setting itself up for a negative surprise to the downside.

This particular source of uncertainty is unlikely to be resolved in September, which should keep stocks range-bound and volatile as we head into October. While that isn’t the ideal outcome for us, the bright side is that option premiums are higher than normal, so our income potential has been increased.

On the date of publication, John Jagerson & Wade Hansen did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

John Jagerson & Wade Hansen are just two guys with a passion for helping investors gain confidence — and make bigger profits with options. In just 15 months, John & Wade achieved an amazing feat: 100 straight winners — making money on every single trade. If that sounds like a good strategy, go here to find out how they did it.


Author: By

John Jagerson and Wade Hansen, Editors, Strategic Trader

Global Mobile Messaging Services Market 2020 Development Trends, Industry News, Risk and Opportunities, Covid-19 Impact on Global Industry

Global Mobile Messaging Services Market 2020 Development Trends, Industry News, Risk and Opportunities, Covid-19 Impact on Global Industry

Global “Mobile Messaging Services Market” reports covers the market landscape and its growth prospects over the coming years and discussion of the Leading Companies effective in this market. The pandemic has drastically changed the dynamics of the market and has affected every aspect of life globally. The Report covers the present scenario and the growth prospects of Mobile Messaging Services Market for 2015-2025. To calculate the market size, scope and demand which is report considers the revenue generated from the sales of Mobile Messaging Services globally.

The Mobile Messaging Services report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The report also covers strategic business measures undertaken by the companies to gain substantial market share.

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Mobile Messaging Services Market Covers following Major Key Players:

Declared the Scope of Mobile Messaging Services Market:

The Mobile Messaging Services market report provides an in-depth analysis of the product portfolios and business strategies. The global impacts of the coronavirus disease (COVID-19) are already starting to be felt, and will significantly affect the Mobile Messaging Services market in 2020.


Mentioned Major regions:

Along with Mobile Messaging Services market research analysis, buyer also gets valuable information about global Mobile Messaging Services Production and its market share, Revenue, Price and Gross Margin, Supply, Consumption, Export, import volume and values for following Regions:

Years considered for this report:

Onshore Mobile Messaging Services Market Segment considering Production, Revenue (Value), Price Trend by Type:

Onshore Mobile Messaging Services Market Segment by Consumption Growth Rate and market Share by Application:

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Detailed TOC of Mobile Messaging Services Market Report 2020-2025:

1 COVID-19 Impact on Mobile Messaging Services Market Overview

1.1 Product Definition and Market Characteristics

1.2 Global Mobile Messaging Services Market Size

1.3 Market Segmentation

1.4 Global Macroeconomic Analysis

1.5 SWOT Analysis

2. Mobile Messaging Services Market Dynamics

2.1 Market Drivers

2.2 Mobile Messaging Services Market Constraints and Challenges

2.3 Emerging Market Trends

2.4 Impact of COVID-19

2.4.1 Short-term Impact

2.4.2 Long-term Impact

3 Mobile Messaging Services market Associated Industry Assessment

3.1 Supply Chain Analysis

3.2 Industry Active Participants

3.2.1 Suppliers of Raw Materials

3.2.2 Key Distributors/Retailers

3.3 Alternative Analysis

3.4 The Impact of Covid-19 From the Perspective of Industry Chain

4 Mobile Messaging Services Market Competitive Landscape

4.1 Industry Leading Players

4.2 Industry News

4.2.1 Key Product Launch News

4.2.2 MandA and Expansion Plans

5 Analysis of Leading Companies

5.1 Company A

5.1.1 Company Profile

5.1.2 Business Overview

5.1.3 Mobile Messaging Services (TPEs) Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.1.4 Mobile Messaging Services (TPEs) Products Introduction

5.2 Company B

5.2.1 Corporation Company Profile

5.2.2 Corporation Business Overview

5.2.3 Corporation Mobile Messaging Services Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.2.4 Corporation Mobile Messaging Services Products Introduction

6 Mobile Messaging Services Market Analysis and Forecast, By Product Types

6.1 Global Mobile Messaging Services Sales, Revenue and Market Share by Types (2015-2020)

6.2 Global Mobile Messaging Services Market Forecast by Types (2020-2025)

6.3 Global Mobile Messaging Services Sales, Price and Growth Rate by Types (2015-2020)

6.4 Global Mobile Messaging Services Market Revenue and Sales Forecast, by Types (2020-2025)

7 Mobile Messaging Services Market Analysis and Forecast, By Applications

7.1 Global Mobile Messaging Services Sales, Revenue and Market Share by Applications (2015-2020)

7.2 Global Mobile Messaging Services Market Forecast by Applications (2020-2025)

7.3 Global Revenue, Sales and Growth Rate by Applications (2015-2020)

7.4 Global Mobile Messaging Services Market Revenue and Sales Forecast, by Applications (2020-2025)

8 Mobile Messaging Services Market Analysis and Forecast, By Regions

8.1 Global Mobile Messaging Services Sales by Regions (2015-2020)

8.2 Global Mobile Messaging Services Market Revenue by Regions (2015-2020)

8.3 Global Mobile Messaging Services Market Forecast by Regions (2020-2025)


For Detailed TOC

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Name: Ajay More

Phone: US +14242530807/ UK +44 20 3239 8187


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Guest opinion: Utah’s solar industry needs a free and open market

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