EV / Clean Energy Scan — August 7, 2026 Close
EV / Clean Energy Scan — August 7, 2026 Close
A near-total relief rally: the oversold cohort collapsed from 12 of 22 names to just one (SEDG), TE posted a +40.29% weekly move (RSI 30.9→48.9) that nearly halved its 30-day drawdown (-54.58%→-20.41%), and ALB jumped from RSI 34.3 to 56.4 as its 30-day change flipped from -13.55% to +1.34%. FSLR reversed hard (RSI 43.1→64.1, 30-day change -9.07%→+11.48%) and TSLA cleared the oversold line for the first time in this stretch (RSI 31.9→41.5), though its 30-day change remains deeply negative at -16.62%. The one name moving the other way: SEDG deteriorated further, its 30-day change worsening from -26.43% to -39.4% on a -22.91% weekly drop — now the board's sole oversold print and its weakest structure.
Data as-of 2026-08-07 close. All numbers from precomputed summaries/ev-clean-energy.json. Prior scan: 2026-07-31-ev-clean-energy (2026-07-31, data as-of 2026-07-31 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟢 A broad, sharp relief rally — the oversold cohort narrowed from 12 names to 1, with TE, ALB, FSLR, and TSLA all reversing hard, though the underlying 30-day drawdowns are still deep in several names and SEDG is the lone name that got worse. |
| Key insight | TE's price jumped +40.29% on the week (RSI 30.9→48.9), the sharpest single-name move on the board, while the oversold tier fell from 12 of 22 names to just SEDG. |
What's Going On
TE posted the largest move on the board. Its RSI climbed from 30.9 to 48.9 as price jumped from $4.17 to $5.85 — a weekly change of +40.29% — nearly halving its 30-day drawdown from -54.58% to -20.41%. It's the steepest single-week reversal in this watchlist and follows two straight prior scans of it being flagged as the deepest deterioration on the board.
ALB and FSLR both staged full reversals out of their prior weak reads. ALB's RSI jumped from 34.3 to 56.4, price rose from $117.64 to $131.11, and the 30-day change flipped from -13.55% to +1.34% — the regime tag that was still stuck on "collapse" last scan despite the RSI recovery has now been backed up by a genuinely positive 30-day print. FSLR's RSI rose from 43.1 to 64.1, price from $211.03 to $250.05, and its 30-day change flipped from -9.07% to +11.48% on an +18.49%-turned-further-positive week.
TSLA cleared the oversold line for the first time in this multi-scan stretch: RSI rose from 31.9 to 41.5, price from $311.21 to $328.58, and the 30-day change improved from -26.83% to -16.62% — still deeply negative and still in the engine's "collapse" regime, so this reads as stabilization rather than a confirmed base. It continues to carry an "intact" thesis flag through the entire move.
The rest of the oversold cohort largely cleared the line together: PLUG (37.5→45.9), ENPH (39.4→51.3), SQM (37.9→52.5), DRIV (39.5→53.8), TAN (35.5→48.1), ICLN (37.6→46.8), NXT (35.9→49.5), and ENS (39.2→45.4) all moved out of the 25-40 band this scan — a group-wide unwind of the deep pessimism flagged over the prior two scans.
SEDG is the exception and now the board's weakest name. Its RSI fell from 37.0 to 32.9 on a -22.91% weekly drop, and its 30-day change deepened from -26.43% to -39.4% — the only name in this watchlist moving in the opposite direction from the broader relief rally.
BYDDY and LI both cooled from last scan's stronger reads: BYDDY's RSI fell from 65.5 to 53.9 as its 7-day change flipped from +7.10% to -3.44%, and LI's RSI fell from 59.2 to 50.3 with its 7-day change flipping from +12.46% to -4.99% — both remain constructive on 30-day but the week itself pulled back. RIVN improved (RSI 41.7→47.7, 30-day change -11.41%→-3.96%) while LCID cooled slightly (RSI 57.0→52.3) even as its 30-day change improved further on a rolling-window basis.
What Changed Since 2026-07-31 (2026-07-31 close → 2026-08-07 close)
- TE posted the board's largest move: RSI 30.9→48.9, price $4.17→$5.85, 7D -16.60%→+40.29%, 30D -54.58%→-20.41%.
- ALB reversed fully: RSI 34.3→56.4, price $117.64→$131.11, 30D -13.55%→+1.34%.
- FSLR reversed fully: RSI 43.1→64.1, price $211.03→$250.05, 30D -9.07%→+11.48%.
- TSLA cleared oversold: RSI 31.9→41.5, price $311.21→$328.58, 30D -26.83%→-16.62% (still deeply negative, regime still "collapse").
- SEDG deteriorated further — the lone name moving against the group: RSI 37.0→32.9, price $41.20→$31.76 (weekly -22.91%), 30D -26.43%→-39.4%.
- NXT reversed the deterioration flagged last scan: RSI 35.9→49.5, 30D -22.63%→-5.90%.
- ENPH, SQM, DRIV, TAN, ICLN, ENS, PLUG all cleared the oversold line together (RSI moves of roughly +8 to +14 points each).
- LIT reversed: RSI 41.6→56.3, 30D -11.22%→+2.62%.
- BYDDY cooled: RSI 65.5→53.9, 7D +7.10%→-3.44%, 30D +21.78%→+7.07%.
- LI cooled: RSI 59.2→50.3, 7D +12.46%→-4.99%.
- Oversold breadth collapsed: 12 of 22 names last scan → 1 of 22 this scan (SEDG only).
How To Read The Board
Golden-cross names (RIVN, BE, PLUG, ENPH, SEDG, FSLR, LIT, SQM, DRIV, TAN, ICLN, NXT, ENS, TE) confirm a longer-term uptrend, but the cross lags price — SEDG's deterioration this scan is happening inside a technically golden-crossed structure, exactly the case where the label can mislead if read alone; the regime and trend tags matter more for the near-term picture. Death-cross names (TSLA, BYDDY, LI, NIO, XPEV, LCID, ALB) are the core EV-maker and lithium cohort, structurally separate from the golden-cross clean-energy/industrial names — ALB's reversal this scan is the strongest move in that group even though the cross itself hasn't flipped. TSLA, BYDDY, and BE all carry the engine's "intact" thesis flag; TSLA's stabilization this scan is the first sign of that flag and the tape moving in the same direction after several scans of divergence. RSI clearing 40 is relief, not confirmation — SEDG is the reminder that not every name in a group rally moves the same way.
Price Table
| Stock | Price | RSI | SMA20 | vs SMA | 7D% | 30D% | Signal |
|---|---|---|---|---|---|---|---|
| FSLR | $250.05 | 64.1 | $217.52 | +15.0% | +18.49% | +11.48% | 🟡 Neutral |
| ALB | $131.11 | 56.4 | $119.95 | +9.3% | +11.45% | +1.34% | 🟡 Neutral |
| LIT | $74.01 | 56.3 | $69.67 | +6.2% | +6.92% | +2.62% | 🟡 Neutral |
| KARS | $30.85 | 54.2 | $29.65 | +4.0% | +4.30% | +2.02% | 🟡 Neutral |
| DRIV | $35.78 | 53.8 | $34.31 | +4.3% | +7.09% | -0.53% | 🟡 Neutral |
| BYDDY | $11.51 | 53.9 | $11.43 | +0.7% | -3.44% | +7.07% | 🟡 Neutral |
| LCID | $7.04 | 52.3 | $6.90 | +2.1% | -4.61% | +20.96% | 🟡 Neutral |
| SQM | $71.95 | 52.5 | $69.25 | +3.9% | +7.29% | -3.33% | 🟡 Neutral |
| ENPH | $41.87 | 51.3 | $39.76 | +5.3% | +11.53% | -2.67% | 🟡 Neutral |
| LI | $12.95 | 50.3 | $12.75 | +1.6% | -4.99% | +6.85% | 🟡 Neutral |
| NXT | $103.26 | 49.5 | $100.40 | +2.9% | +14.90% | -5.90% | 🟡 Neutral |
| TE | $5.85 | 48.9 | $5.46 | +7.2% | +40.29% | -20.41% | 🟡 Neutral |
| TAN | $52.75 | 48.1 | $52.19 | +1.1% | +6.93% | -2.57% | 🟡 Neutral |
| BE | $219.34 | 47.8 | $212.12 | +3.4% | +6.57% | -13.74% | 🟡 Neutral |
| RIVN | $16.00 | 47.7 | $16.56 | -3.4% | +5.12% | -3.96% | 🟡 Neutral |
| ICLN | $18.30 | 46.8 | $18.15 | +0.9% | +4.27% | -3.94% | 🟡 Neutral |
| NIO | $4.74 | 46.0 | $4.78 | -0.8% | -2.87% | -3.27% | 🟡 Neutral |
| ENS | $191.72 | 45.4 | $192.74 | -0.5% | +3.05% | -3.99% | 🟡 Neutral |
| PLUG | $2.18 | 45.9 | $2.13 | +2.5% | +5.83% | -11.38% | 🟡 Neutral |
| TSLA | $328.58 | 41.5 | $343.33 | -4.3% | +5.58% | -16.62% | 🟡 Neutral |
| XPEV | $12.13 | 40.3 | $12.83 | -5.5% | -6.69% | -8.59% | 🟡 Neutral |
| SEDG | $31.76 | 32.9 | $45.00 | -29.4% | -22.91% | -39.4% | 🟢 Oversold |
Tier Analysis
Capitulation (RSI<25): None.
Oversold (25-40): SEDG (32.9) only — down from 12 of 22 last scan, and the sole name that deteriorated further this scan rather than reversing with the group.
Neutral/Strong (40+): 21 of 22 names, spanning XPEV at 40.3 to FSLR at 64.1. TE's move was the sharpest; FSLR and ALB both fully reversed their prior negative 30-day reads.
Entry Zones
| Stock | Price | RSI | 30D% | Setup |
|---|---|---|---|---|
| TE | $5.85 | 48.9 | -20.41% | Sharpest single-week move on the board (+40.29%); 30-day drawdown nearly halved but still meaningfully negative |
| SEDG | $31.76 | 32.9 | -39.4% | The board's sole oversold name and the only one that got worse this scan — no reversal evidence |
| TSLA | $328.58 | 41.5 | -16.62% | Cleared oversold for the first time in this stretch but the regime is still tagged "collapse" |
| ALB | $131.11 | 56.4 | +1.34% | Fully reversed; 30-day read finally caught up to the RSI recovery flagged last scan |
| FSLR | $250.05 | 64.1 | +11.48% | Strongest reversal of the golden-cross cohort; 30-day flipped from negative to double digits positive |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| ❌ DON'T BUY | SEDG | Only name moving against the group's relief rally; deepest 30-day drawdown on the board and worsening |
| 🔍 WATCH | TE | Sharpest reversal on the board; confirm the move holds rather than round-tripping |
| 🔍 WATCH | TSLA | Cleared oversold but still in a "collapse" regime with a deeply negative 30-day change |
| 🔒 HOLD | ALB, FSLR, LIT | Fully reversed with 30-day changes now confirming the RSI recovery |
| 🔍 WATCH | BYDDY, LI, LCID | Cooled from last scan's stronger reads; confirm whether this is a pause or a turn |
| 🔍 WATCH | PLUG, ENPH, SQM, DRIV, TAN, ICLN, NXT, ENS, RIVN | Cleared oversold alongside the group; confirm follow-through before treating as durable |
What To Watch Next
| Watch | Why it matters |
|---|---|
| Whether TE's +40.29% week holds or round-trips | The sharpest single-name move on the board; 30-day drawdown is still deep |
| SEDG's next print | The one name moving against the group; watch for a floor or further deterioration |
| TSLA's regime tag | Still "collapse" even after clearing oversold — watch for a change in the engine's regime read |
| Whether the oversold cohort stays this narrow | Collapsed from 12 to 1 name in a single scan — an unusually sharp swing worth confirming isn't a data artifact |
| ALB and FSLR's follow-through | Both fully reversed; confirm the moves compound into a second constructive scan |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-08-07 close — ev-clean-energy.
Related
10 eventsNo direct external sources are attached to this read.