Defiance ETFs CEO and CIO Sylvia Jablonski joins Market Domination for the latest edition of Good Buy or Goodbye to give insight into the best clean energy picks.

Jablonski names Uranium Energy (UEC) her "good buy," citing nuclear power's sustainability and a possible boost from a rise in uranium metal prices. She adds that global demand for uranium is set to double in the next ten years.

Jablonksi says "goodbye" to SunPower (SPWR), pointing to accounting errors, including some misstatements in 2022. In addition, interest rate hikes have slowed the growth of solar projects.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino

Video Transcript

It's a big, noisy universe of stocks out there.Welcome to goodbye or goodbye.Our goal.To help cut through that noise to navigate the best moves for your portfolio.Today we're taking a look at the power behind clean energy stocks joining me here to discuss his defiance ETF, CEO and CIO.So thanks so much for being here.Thanks.Thanks for having me to see you.So let's get to your goodbye.First of all, the one that you like and that is uranium energy.So basically a bet on what's happening in nuclear power.We've seen the stock already go higher over the past year, But let's get to your case here, and it has to do with nuclear, as one might imagine.So what are you looking at here exactly?So as you have here, nuclear power is essentially the cleanest type of power and energy that we can use the cleanest type of electricity that we can use.And you know, the only abundant amount of clean energy that we can use.So you have for every dollar of fossil fuels being used, you have an investment of a dollar 70 in clean energy like nuclear.And so you know, any kind of uranium types of companies uranium, ETF, S are going to benefit from this as it grows.And also it's subject to sort of what's been happening in geopolitics, which has been interesting because the underlying uranium as a as a um, a source has been rising in prices because there's been shortages of it.Yeah, exactly.So there's a supply issue.There's, you know, high level high levels of demand for uranium levels of supply.So you had a couple of things in Kazakhstan.You had this issue where they had a lack of sulfuric acid so they couldn't produce as much.And then you also have the government, the US government banning any kind of uranium imports from Russia.And so that right away spiked the price of uranium for investors in that stock.And, you know, they saw the price pop.So last year was just a parabolic move for uranium, and this year is going to, you know, looking like it might be the same because of some of the supply demand stuff.Interesting.And speaking of demand, also, you were looking at some of the forecasts for what the global demand for uranium is going to be yes.So the global demand for uranium is set to double within the next 10 years, you know.So you're you're talking about a massive growth in this energy space.It's going to be a massive use of clean energy such high needs for this.And I think that, you know, more production is going to come out of the US, particularly as we have offshore betting.So another reason why the stock price might pop interesting.We always like to talk about the risks for any of this.And, you know, uranium is a little tricky here.It is volatile.There's been regulatory overhang in the past, and it only seems like recently that there's been sort of a sentiment turn when it comes to nuclear energy.Yeah, it's a tough thing, because on one hand we have this, you know, big priority as as as a nation and as a globe to to become carbon neutral by 2050.You know, everything is sort of about green energy, clean energy, uranium fits the bill, but then actually creating safe infrastructure that doesn't have any issues or and you know, government regulation because of issues and accidents that have happened in the past is one problem.And the the cost of investing in that infrastructure can some times be burdensome.So and then the supply and demand story can shift too, right?If you un ban imports and you have increased the fly, that might change the story.But for now, I think, um, uranium is is looking to be on that.And do you have a position in UEC?I don't at this time.OK, so let's get to the stock you don't like in the clean energy sector.And that is sun power, which is already down quite a bit over the last year.Now, solar stocks in general have been sort of weak, but this one stands out in particular.It's got some challenges.Um, let's talk about some of them.So there have been some misstatements over the past couple of years.Accounting wise.Yeah.So they've had some accounting errors, basically, and I think that they lost a lot of confidence from investors when the accounting errors were announced.Essentially, the stock price began to fall, and so they're going to have to invest a lot in terms of, you know, keeping up with record keeping efficiency, fixing the errors and coming up and proving that, you know, they they aren't in any kind of, um, credit risk default types of situation and investors can, you know, count on their their statements.Um, there is also the issue of rates, which is, you know, you don't automatically think of solar as being an interest rate sensor sector, but it has been it has been.And so the the growth of solar is starting to slow down.The there are two reasons.One, there's a supply backup.Right.So we talked about uranium.They're shorter supply.They're benefiting with solar.You kind of have this backup.And if you think about, like, what happened with semiconductors after covid, you actually had this, Um, at some point, you had a backlog of supply and it took about 18 months to shake out, and, you know, boy did it right.And so that's one of the issues with solar.But the reason that you kind of have the supply sitting there is because the cost of these projects is so high and the average person is impacted by inflation and doesn't want to borrow with a high, you know, level of rates.And then same thing for the company actually trying to, you know, service their own debt.So I think that there is a little bit of a hiccup there for them in the near term, because of rates and inflation, and and then also to go sort of go back to the, um, credibility question, if you will.You you think just generally there's some questions, I think, Yeah, the the the books and records that we talked about.Um, they had two negative earnings seasons.But I think, you know, the loss of confidence also kind of just came back into play because they're laying off 25% of their staff.80 people in Seattle is the last.I heard a couple of 100 people elsewhere.You know, that's not super reassuring.For for the future of the company, we love cost cutting.You know, you've heard a lot of these big tech companies cost cutting so that they can invest in a I you know, this just isn't that so.We have to see how this this shakes out.And then, just like we talked about the risk to the bull case.Let's talk about what could go right here.And that's just that you are still seeing sort of overall demand for solar power.And it goes back to what we talked about before with nuclear.You know, if we want to be carbon neutral by 2050 if we care about the climate, green energy, clean energy, things like this, you know, solar is still a leader there, and solar is also a volatile sector.You know, you kind of see these stocks and ETFs pop up and down, depending on, um, cyclicality of the markets and things like this.So there's there's hope we'll keep an eye on it.All right, let's sum up what you are telling investors here you would recommend buying uranium energy demand is expected to grow for uranium.Prices may also go up.That can mean rise in province for the company on the side, you say some power.It has been hitting a bumpy road with misstatements and also the rate hikes which continue to weigh on solar power companies.Thank you so much for coming in.So thank you for you.And thank you so much for watching goodbye or goodbye will be bringing you new episodes three times a week at 3:30 p.m. Eastern.