Q: In January you noted:
We are mixed here. We don't like the leverage and the sector may still be weak under Trump policies (solar).
What's changed since then that made you come around to it and add it to your growth portfolio in July?
We are mixed here. We don't like the leverage and the sector may still be weak under Trump policies (solar).
What's changed since then that made you come around to it and add it to your growth portfolio in July?
5i Research Answer:
In January, the stock was showing great momentum, but its earnings were just starting to accelerate, with a noticeable shift starting in November 2024. It wasn't until this summer that its earnings acceleration was real and that it was led by a few key themes: space exploration, solar, and a growing reliance on domestic critical minerals.