Also, I wish to share this with folks following this company.
If you haven’t already, start reading Renewable Energy Market Update Reports by International Energy Association. I came across them last year when researching into renewable sector as a theme for investing. They are just pure gold filled with amazing insights that make you wonder how in the world is this report free.
The Agency publishes it mostly cause they want to fast track renewables deployment and help with climate change but you can get a ton of free amazing insights into what is happening around the world when it comes to renewables.
For example, I knew this quarter was going to be extraordinary for Borosil Renewable as the report told me that solar glass prices have pretty much remained stable throughout last few months after increasing. Here is an extract from the report below.
The report further mentions that glass prices may come down a teeny tiny bit or will remain stable from here on as suppliers across the world have scaled up production. We are essentially in a race of existing suppliers, whoever scales up will keep winning. This explains why BR announced back to back capacity increases.
Why are suppliers scaling up?
Because of a huge demand from Europe and Latin America.
There are many other great insights in the report, I plan to do a post here on Value Pickr just on these trends and the entire renewable sector as a theme, hopefully sometime this weekend. Will add more details there.
PS: I know this post has nothing to do with Borosil Renewables, but just wanted to share with everyone here. Reports and data like these helps one become a better investor. I personally follow data driven investing and for me to invest in something I need to find data (outside of financial reports) that can guide me and help build conviction.