Google (GOOGL, $1,125.75) marks entry into the Asian solar energy market
Eight years ago, Google embarked on an ambitious plan to create a wind energy project in the Atlantic Ocean. While the progress of this project has been rather slow, the company did not relent and continued with its plan to foray into the energy industry. In line with this strategy, Google recently announced its first water-based renewable energy project through installation of solar panels atop a series of fishing ponds in Taiwan. This may be seen to mark Google's entry into the Asian renewable energy market.
Although this project is in a pretty small scale, Google became the first company to make a purchase under the 2017 Taiwan Electricity Act for the 10-megawatt solar array in Tainan City, Taiwan. ‘Flotovoltaics,’ or building solar projects sited on water, is fast gaining popularity following the lead of Japan that built its first photovoltaic installation in 2007.
The Company is currently focusing on poles that will hold the solar panels, a concept known as a "canopy" system. Google’s position on building the solar plans directly on fish farms, as it’s expected to optimize ‘shade’ which could be key in boosting fishing yields. The reason being elevated panels provide optimal room for fish while also providing them with shade.
U.S is currently focussing on floating solar projects as it finds itself lagging behind Asia in embracing the technology. Case in point: 11.6-megawatt floating solar power plant at the Van Norman Lakes Reservoir that just received an approval from Los Angeles. This is supposed to be the biggest in the U.S.
Major reasons for the floating solar projects taking off at an accelerated rate in Asia are high population density and competition for available land. Google’s 10-megawatt project in Taiwan is expected to be completed by 2020.
GOOGL's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for GOOGL turned positive on August 28, 2025. Looking at past instances where GOOGL's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in of 360 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 296 cases where GOOGL 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOGL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GOOGL broke above its upper Bollinger Band on September 03, 2025. 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GOOGL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 90, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (8.368) is normal, around the industry mean (9.303). P/E Ratio (26.776) is within average values for comparable stocks, (59.271). Projected Growth (PEG Ratio) (1.709) is also within normal values, averaging (26.725). Dividend Yield (0.003) settles around the average of (0.022) among similar stocks. P/S Ratio (8.326) is also within normal values, averaging (24.685).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.
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General Information
a holding company with interests in software, health care, transportation and other technologies
Industry InternetSoftwareServices
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