SunWorks Inc (SUNWQ)

[SandridgeEnergy]

That mandate won't go into effect until 2020, which given the financial situation of SUNW, doesn't really effect them in the short term (I think they said this on the CC). By 2020 the turnaround will have either been successful, or SUNW will be gone.

It will be interesting to see if this mandate has some negative effects as well in the short term. I've seen estimates showing that the solar mandate will add about 10-20K to the cost of a new home. This is hardly a consideration in SF where the median price is +$1M in most zip codes, but SUNW mostly operates in the Central Valley.

See here:
https://www.trulia.com/home_prices/California/

The price of a home in the Central Valley will be increased significantly more proportionally as a result of the solar mandate when compared against the price of a home in the wealthier parts of the state. I think it's likely developers will rush to build an excess inventory of unencumbered homes before the 2020 deadline, which will probably muddy the waters a bit while this new mandate comes into effect.