RE:Modern Shovel Maker w Deep value?The only risks I could find is there has been a large build in solar panels in inventory in Europe. I've initated a position today.
https://www.rystadenergy.com/news/europe-chinese-solar-panels-imports-installations-storage
Essentialls in 2023 2x qty imported vs installed;
Energy policies and the green transition continue to drive demand for European solar PV growth. Since 2022, the Green Deal Industrial Plan (GDIP), RePowerEU, and the Net Zero Industry Act have all set ambitious solar PV goals. These goals include a target for 30 GWdc of European manufacturing along the entire value chain by 2025 and 40% of installed solar PV being manufactured within the continent by 2030.
Despite these ambitious goals, between 2019 and 2022, locally-made modules could not keep pace with the growth of imported panels. From 2021 to 2022, the amount of Chinese solar modules imported by European countries increased by 112% to about 87 GWdc. The installation rate in these countries has yet to meet anticipated levels, resulting in a sizeable gap of almost 47 GWdc in 2022 in shipped versus installed modules.
Judging by the market in 2023 to date, we expect Chinese imports to increase by 38% annually and reach 120 GWdc. While installations will gain momentum – jump 57% versus last year to hit about 63 GWdc – the gap will widen in absolute terms, with a difference of 57.4 GWdc at year end.
https://www.rystadenergy.com/news/europe-chinese-solar-panels-imports-installations-storage#:~:text=If%20current%20import%20levels%20continue,capacity%20installations%20of%2063%20GWdc.