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Aug 17, 2023

Cleantech stock- Market Analysis: $TSLA, $GPRE, $AMRC, $ENB, $FSLR - Unraveling the Recent -7.83% Losses ๐Ÿ“‰

Unraveling Market Movements: Exploring the Impact on Expanding Cleantech

๐ŸŒฟ A Closer Look at Cleantech's Recent Struggles ๐ŸŒฟ

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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๐Ÿ” Unveiling the Group Dynamics ๐Ÿ”

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: 

 

๐Ÿ“Š Market Cap Insights ๐Ÿ“Š

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.

๐Ÿ’น Price Oscillations and Notable News ๐Ÿ’น

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.

๐Ÿ“ˆ Volume Trends ๐Ÿ“ˆ

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.

๐Ÿ“Š Fundamental Analysis Ratings ๐Ÿ“Š

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:

๐Ÿ” 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.

๐Ÿ” 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.

๐Ÿ” 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.

๐Ÿ” 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.

๐Ÿ” 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.

๐Ÿ” 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.

๐Ÿ” 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 ๐Ÿ“‰

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.

Related Ticker: TSLA, GPRE, AMRC, ENB, ORA, ATNI, REX, ANDE, JKS, SPWR, FSLR, CSIQ, RUN, SEDG, AGR, TPIC, AQN, AY

TSLA's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for TSLA moved out of oversold territory on August 21, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 334 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TSLA turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

TSLA moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TSLA broke above its upper Bollinger Band on September 11, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLAโ€™s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (15.198) is normal, around the industry mean (6.743). TSLA has a moderately high P/E Ratio (69.930) as compared to the industry average of (20.678). Projected Growth (PEG Ratio) (2.145) is also within normal values, averaging (5.666). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (9.058) is also within normal values, averaging (52.056).

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla โ€“ which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, weโ€™ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Googleโ€™s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 33.94B. The market cap for tickers in the group ranges from 2.49M to 777.25B. TSLA holds the highest valuation in this group at 777.25B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -3%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 118%. YADGF experienced the highest price growth at 30%, while AYRO experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

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

Valuation Rating: 47
P/E Growth Rating: 69
Price Growth Rating: 59
SMR Rating: 67
Profit Risk Rating: 85
Seasonality Score: -31 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a manufacturer of electric sports cars

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
1 Tesla Road
Phone
+1 512 516-8177
Employees
127855
Web
https://www.tesla.com
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TSLA and

Correlation & Price change

A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.

1D
1W
1M
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6M
1Y
5Y
Ticker /
NAME
Correlation
To TSLA
1D Price
Change %
TSLA100%
-4.23%
RIVN - TSLA
57%
Loosely correlated
-4.37%
LCID - TSLA
54%
Loosely correlated
-1.16%
RACE - TSLA
49%
Loosely correlated
-1.14%
HMC - TSLA
45%
Loosely correlated
-0.03%
TM - TSLA
45%
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