Is Solar the next sector rotation play?
AI data centers need baseload power that fossil fuels can’t build fast enough → solar is a direct beneficiary of the compute supercycle
→ $ENPH — microinverter king, margin recovery story
→ $SEDG — beaten down 70%+, turnaround watch
→ $FSLR — only US domestic manufacturer, 47.9 GW backlog through 2030, $2B net cash
→ $CSIQ — panels + battery storage, global diversification
→ $ARRY — utility-scale solar trackers, 15% volume growth Q1 2026
→ $NXT — Nextracker, tracker infrastructure play
→ $SHLS — balance of system, wiring for every utility project
→ $JKS — high beta China panel exposure (tariff risk, DYOR)
→ $HASI — clean energy project financing
→ $RUN — residential rooftop, rate-sensitive
IRA tax credit phaseout after July 4, 2026 → $FSLR least exposed (domestic mfg credits intact) → Chinese panel tariffs 20-40% → hurts developers, helps $FSLR
The sector got smashed. The thesis didn’t break. AI needs watts. Solar delivers them.
Not financial advice.
