Cleantech stock- Market Analysis: $TSLA, $GPRE, $AMRC, $ENB, $FSLR - Unraveling the Recent -7.83% Losses 📉

Unraveling Market Movements: Exploring the Impact on Expanding Cleantech

🌿 A Closer Look at Cleantech's Recent Struggles 🌿

As the world shifts towards sustainable solutions, the cleantech sector stands as a beacon of change across industries. However, the recent market movements have cast a shadow on this burgeoning theme. The Expanding Cleantech group has witnessed a notable decline of -7.83% in just one week, raising questions about its resilience in the face of market volatility. Let's delve into the intricate dynamics that have shaped this sector's recent performance and its implications for key players.

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🔍 Unveiling the Group Dynamics 🔍

The Expanding Cleantech theme encompasses a diverse range of industries, including utility, energy, industrial, and technology sectors. Companies like Tesla ($TSLA), Green Plains (GPRE), Ameresco ($AMRC), Enbridge ($ENB), and Ormat Technologies ($ORA) share a common mission of harnessing clean energy across various domains. Solar giants like First Solar ($FSLR) and JinkoSolar ($JKS) are also part of this evolving landscape.

Tickers of this group: 

• $TSLA - Tesla, Inc.
• $GPRE - Green Plains Inc.
• $AMRC - Ameresco, Inc.
• $ENB - Enbridge Inc.
• $ORA - Ormat Technologies, Inc.
• $ATNI - ATN International, Inc.
• $REX - REX American Resources Corporation
• $ANDE - The Andersons, Inc.
• $JKS - JinkoSolar Holding Co., Ltd.
• $SPWR - SunPower Corporation
• $FSLR - First Solar, Inc.
• $CSIQ - Canadian Solar Inc.
• $RUN - Sunrun Inc.
• $SEDG - SolarEdge Technologies, Inc.
• $AGR - Avangrid, Inc.
• $TPIC - TPI Composites, Inc.
• $AQN - Algonquin Power & Utilities Corp.
• $AY - Atlantica Sustainable Infrastructure plc

📊 Market Cap Insights 📊

The average market capitalization within the Expanding Cleantech theme stands at a substantial 48.9 billion dollars. Among the leading players, Tesla boasts the highest valuation at a staggering 739.4 billion dollars, while TPIC holds the distinction of being the lowest valued at 195 million dollars. This diversity showcases the broad spectrum of market influence within the theme.

💹 Price Oscillations and Notable News 💹

Market watchers have observed an average weekly price decline of -7.83% across the Expanding Cleantech theme. This trend extends to monthly and quarterly figures, with averages of -16.09% and -18.2% respectively. Green Plains ($GPRE) faced a decline of -27.53%, highlighting the sector's susceptibility to market fluctuations.

📈 Volume Trends 📈

In terms of volume, the Expanding Cleantech theme saw an average weekly growth of 10.11%, while monthly and quarterly trends indicate a decrease of -14.59% and -38.59% respectively. Noteworthy volume spikes have been recorded, such as JinkoSolar Holdings ($JKS) with a staggering 233% daily growth above the 65-Day Volume Moving Average.

📊 Fundamental Analysis Ratings 📊

Analyzing fundamental factors, the theme portrays a mixed picture. Valuation and P/E Growth Ratings stand at 65 and 52 respectively. The Price Growth Rating rests at 67, indicating the potential for price fluctuations. The SMR Rating reflects stability at 75, while the Profit Risk Rating is moderate at 60. A Seasonality Score of -19 further accentuates the sector's vulnerability.

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65

P/E Growth Rating: 52

Price Growth Rating: 67

SMR Rating: 75

Profit Risk Rating: 60

Seasonality Score: -19 (-100 ... +100)

Ticker Movements: A Deeper Dive

Let's traverse through the individual landscapes of some prominent tickers within this theme:

🔍 Tesla ($TSLA) - The Visionary Catalyst On August 09, 2023, Tesla's 10-day moving average pierced the 50-day moving average in a bearish cross. Historical context showcases that such a trend shift often prompts further declines. Odds of a continued downward trajectory stand at a notable 90%. Current price: $219.22.

🔍 Green Plains ($GPRE) - Technical Shifts Ahead Green Plains treads a technical path as its Moving Average Convergence Divergence Histogram (MACD) dipped into negativity on August 03, 2023. A bearish signal emerges, indicating potential declines ahead. History aligns, with 81% of such cases culminating in downward moves. Current price: $31.38.

🔍 Ameresco ($AMRC) - The Trend Transition August 14, 2023, etched a bearish trajectory as Ameresco's 10-day Moving Average ventured below the 50-day Moving Average. A signal for potential declines is on the horizon, supported by a historical probability of 85%. Current price: $46.57.

🔍 Ormat Technologies ($ORA) - Unveiling Downward Momentum Aroon Indicator's downward turn on July 18, 2023, paints a telling picture for Ormat Technologies. A pattern of AroonDown exceeding 70 while AroonUp remains under 30 suggests a potential downtrend. History echoes, with 66% of such cases leading to declines. Current price: $75.97.

🔍 Rex American Resources ($REX) - Bollinger Bands Whisper Breaking above the upper Bollinger Band on July 19, 2023, Rex American Resources hints at potential drops ahead. Historically, in 81% of such cases, downward movements follow such signals. Current price: $36.32.

🔍 The New Perspective on Cleantech First Solar ($FSLR), despite its -9.24% downward trend, showcases a powerful indicator as it slides for three consecutive days starting August 16, 2023. Historical data suggests that in 75% of such scenarios, the price further declines within the following month. Current price: $183.44.

🔍 Avangrid ($AGR) - Momentum Unraveled July 27, 2023, marked a critical point as Avangrid's Momentum Indicator dipped below zero, signifying a potential new downward move. Historically, such indicators have ushered further declines in 58% of cases. Current price: $34.32.
 

Navigating Cleantech's Turbulent Path 📉

The Expanding Cleantech sector's recent struggles underscore the complex interplay between market forces and the drive for sustainability. As diverse companies strive to reshape industries through clean energy, vigilance is essential. Investors and analysts must stay attuned to price patterns, volume dynamics, and fundamental factors that shape the trajectory of this transformative theme. Amid challenges, opportunities emerge for those who navigate the currents with keen insight and strategic foresight.