EV / Clean Energy Scan — September 23, 2026 Close

Scan

EV / Clean Energy Scan — September 23, 2026 Close

raw scan snapshot — prices as of scan date, not live 52 rows · screens, not recommendations prior scanresearch/scans/2026-09-18-ev-clean-energy.md

Tesla had its strongest week of the stretch at +6.16%, and Bloom Energy absorbed its S&P 500 inclusion (effective before the open September 21) and turned positive again at +1.91% after last week's give-back. Albemarle and SQM both posted their first green weeks in a month, though their 30-day windows deepened further as the earlier damage rolled forward. Li Auto and XPeng — last scan's only green names — both turned red this week. Enphase was the weakest name on the board at -7.00%, with no fresh news covering the move.

Data as-of the 2026-09-23 close. Prior scan: the September 18 EV and clean energy scan (data as-of the 2026-09-18 close). The 7-day window here runs September 16 to September 23.

Quick Snapshot

Signal Reading
Overall 🟡 Broad stabilization — most names flipped from red to green on the week, though the long-horizon picture is unchanged: nine of twenty-one remain oversold and most sit well under their 200-day averages.
Leaders TSLA (+6.16%), NXT (+4.84%), ENS (+4.43%).
Laggards ENPH (-7.00%), SEDG (-3.84%), LI (-2.74%).
Caveat Rivian's fresh pull carries a September 21 "earnings report" page from a generic aggregator site, not a primary source; no fresh news covers Enphase or SolarEdge's moves this week.

What's Going On

Tesla had its best week of this stretch: RSI rose from 53.8 to 60.6, price gained 4.3% to $380.12, and the 7-day change flipped from -0.32% to +6.16%. The long-horizon picture has not caught up — the stock remains 4.1% under its 200-day average with a -10.74% trailing year and -26.51 points of alpha — so this is a strong week inside a trend still genuinely under test, not a confirmed reversal. Bloom Energy recovered from last week's give-back into its index event: the 7-day change flipped from -3.67% to +1.91% as the S&P 500 inclusion took effect before the open on September 21, and the 30-day window extended further to +34.88%. It remains the one unambiguously strong structure on this board, 36.7% above its 200-day average with a +255.63% trailing year.

Albemarle and SQM both answered last scan's open question about the lithium slide with a partial yes: Albemarle gained 3.65% and SQM 0.58%, their first positive weeks after four straight declines. But the damage from those earlier weeks is still rolling into the 30-day window — Albemarle's deepened to -19.81% from -17.40%, and SQM's to -16.09% from -10.16% — so the week turned before the month did. Both still carry strongly positive trailing years (+41.63%, +59.83%), the same deep-pullback-inside-a-working-trend shape flagged last scan.

Li Auto and XPeng, last scan's only green names, both reversed: Li Auto's 7-day change flipped from +2.79% to -2.74%, and XPeng's from +0.76% to -0.48%. Neither move has a fresh receipt behind it. Enphase was the weakest name on the board this week at -7.00%, dropping its RSI back into oversold at 34.1; its news pull has been stale since June. Rivian's week improved from -6.49% to -1.38% and its RSI crossed out of oversold to 41.1, though its 30-day window worsened to -9.52% from -4.70%; a fresh pull carries a September 21 "earnings report" page from a generic aggregator, not a primary source, so no cause is claimed. Lucid's 7-day change turned positive (+2.97%) and its 30-day window improved meaningfully, from -30.91% to -18.27%, though it remains the most damaged structure on this board by a wide margin: 83.51% below its 52-week high and -81.29% on the trailing year.

T1 Energy's decline decelerated sharply — down only 1.22% this week versus -9.54% last week — though its three-month collapse continues at -52.64%, barely improved from -55.40%. Its trailing year remains strongly positive at +119.57%, echoing last scan's exact framing: that record is not protection against the shorter-window damage. Nextracker and EnerSys both had solid weeks (+4.84%, +4.43%), each improving their 30-day windows meaningfully.

What Changed Since Prior Scan (2026-09-18 close → 2026-09-23 close)

  • TSLA had its best week of the stretch: RSI 53.8→60.6, price $364.27→$380.12, 7D -0.32%→+6.16%, 30D +3.75%→+8.93%.
  • BE recovered from its Friday give-back: RSI 57.5→60.0, price $265.63→$275.19, 7D -3.67%→+1.91%, 30D +28.55%→+34.88%.
  • ALB turned positive after four straight declines: RSI 34.2→39.3, price $110.91→$113.47, 7D -5.62%→+3.65%, 30D -17.40%→-19.81% (the week turned, the month deepened).
  • SQM turned positive after four straight declines: RSI 36.1→40.6, price $67.72→$69.08, 7D -3.09%→+0.58%, 30D -10.16%→-16.09%.
  • LI reversed: RSI 48.6→43.3, price $12.14→$11.70, 7D +2.79%→-2.74%, 30D -4.48%→-6.25%.
  • XPEV reversed: RSI 40.4→36.1, price $10.62→$10.29, 7D +0.76%→-0.48%, 30D -11.43%→-7.71%.
  • ENPH was the board's weakest name: RSI 38.7→34.1, price $34.64→$33.07, 7D -4.70%→-7.00%, 30D -12.01%→-11.05%.
  • RIVN crossed out of oversold: RSI 39.6→41.1, price $14.99→$15.02, 7D -6.49%→-1.38%, 30D -4.70%→-9.52%.
  • LCID improved meaningfully on the month: RSI 32.8→36.1, price $4.09→$4.16, 7D -3.08%→+2.97%, 30D -30.91%→-18.27%.
  • TE's decline decelerated sharply: RSI 41.0→40.3, price $4.17→$4.04, 7D -9.54%→-1.22%, 30D -8.35%→-6.48%; three-month change -55.40%→-52.64%.
  • NXT and ENS both had solid weeks: NXT 7D -2.92%→+4.84%, 30D -12.65%→-3.43%; ENS 7D -0.74%→+4.43%, 30D -8.16%→-4.27%.
  • SEDG reversed: RSI 48.0→44.4, price $34.68→$33.35, 7D 0.00%→-3.84%.
  • FSLR turned flat: RSI 41.1→39.6, price $195.96→$191.97, 7D -6.25%→+0.47%, 30D -11.89%→-7.84%.
  • NIO turned positive: RSI 30.4→32.9, price $3.66→$3.67, 7D -0.81%→+2.51%, 30D -20.09%→-15.83%.
  • No entrants, no dropouts.

How To Read The Board

The rows here are screen evidence. As before, the 200-day average and the trailing year tell a different story from the week on this board more than any other in this batch.

One name is unambiguously strong: Bloom Energy, 36.7% over its 200-day with a +255.63% year. Five more are damaged short-term but carry genuinely positive multi-year records — TE (+119.57% year, -38.4% vs its 200-day), ENS (+62.64%, -4.7%), SQM (+59.83%, -9.9%), ALB (+41.63%, -27.3%) and LIT (+31.06%, -6.8%) — all below their 200-day averages right now. DRIV (+20.25% year, -1.8% vs its 200-day), NXT (+15.94%, -24.3%), ICLN (+14.68%, -7.4%) and TAN (+6.33%, -18.1%) are milder versions of the same shape.

Ten names are weak on both clocks at once: LI, NIO, XPEV, LCID, PLUG, ENPH, SEDG, FSLR and KARS, all below their 200-day averages with flat-to-negative trailing years — Lucid at 47.7% below its 200-day with a -81.29% year remains the extreme case. Rivian is close behind at 7.6% under its 200-day with a roughly flat year (-3.28%). Tesla sits at the tipping point rather than clearly on either side: 4.1% under its 200-day with a negative trailing year (-10.74%) despite this week's strong bounce — a trend genuinely under test, not a confirmed reversal, regardless of how strong the current week looks.

Price Table

Stock Price RSI SMA20 vs SMA 7D% 30D% Signal
TSLA $380.12 60.6 $363.21 +4.7% +6.16% +8.93% 🟡 Neutral
BE $275.19 60.0 $250.53 +9.8% +1.91% +34.88% 🟡 Neutral
ENS $179.49 45.6 $179.90 -0.2% +4.43% -4.27% 🟡 Neutral
DRIV $33.73 45.2 $34.11 -1.1% +2.12% -1.52% 🟡 Neutral
SEDG $33.35 44.4 $34.44 -3.2% -3.84% +10.83% 🟡 Neutral
ICLN $17.42 44.1 $17.65 -1.3% +0.58% -0.06% 🟡 Neutral
LI $11.70 43.3 $11.99 -2.4% -2.74% -6.25% 🟡 Neutral
NXT $81.81 42.7 $83.09 -1.5% +4.84% -3.43% 🟡 Neutral
PLUG $2.04 42.7 $2.12 -3.9% +0.99% -5.99% 🟡 Neutral
RIVN $15.02 41.1 $15.74 -4.6% -1.38% -9.52% 🟡 Neutral
SQM $69.08 40.6 $74.19 -6.9% +0.58% -16.09% 🟡 Neutral
TE $4.04 40.3 $4.48 -9.9% -1.22% -6.48% 🟡 Neutral
FSLR $191.97 39.6 $202.96 -5.4% +0.47% -7.84% 🟢 Oversold
ALB $113.47 39.3 $123.83 -8.4% +3.65% -19.81% 🟢 Oversold
TAN $45.05 37.8 $47.10 -4.3% +0.96% -6.77% 🟢 Oversold
XPEV $10.29 36.1 $10.82 -4.9% -0.48% -7.71% 🟢 Oversold
LCID $4.16 36.1 $4.46 -6.7% +2.97% -18.27% 🟢 Oversold
LIT $69.58 36.0 $72.85 -4.5% -0.39% -9.67% 🟢 Oversold
KARS $28.36 35.4 $29.65 -4.4% -0.18% -7.56% 🟢 Oversold
ENPH $33.07 34.1 $36.28 -8.9% -7.00% -11.05% 🟢 Oversold
NIO $3.67 32.9 $3.84 -4.5% +2.51% -15.83% 🟢 Oversold

Tier Analysis

Capitulation (RSI below 25): None.

Oversold (RSI 25-40): NIO (32.9), ENPH (34.1), KARS (35.4), LIT (36.0), XPEV (36.1), LCID (36.1), TAN (37.8), ALB (39.3), FSLR (39.6). Nine names, down from ten last scan — RIVN, SQM and NXT climbed out into neutral, and none newly joined.

Neutral/Strong (RSI 40 and up): TE (40.3), SQM (40.6), RIVN (41.1), NXT (42.7), PLUG (42.7), LI (43.3), ICLN (44.1), SEDG (44.4), DRIV (45.2), ENS (45.6), BE (60.0), TSLA (60.6, the board's highest print).

Entry Zones

Conditions, not advice.

Stock Entry zone Thesis / condition
BE $250.53 (20-day) as support The board's one intact strong trend, extending further after absorbing its index inclusion; 30-day window now +34.88%.
ENS $179.90 (20-day) reclaim +62.64% trailing year with only a 4.7% gap to its 200-day — the mildest damage among the names with a real multi-year record.
SQM, ALB Watch the 200-day gaps, 9.9% and 27.3% overhead First green weeks after four straight declines; the month still deepened for both, so the floor is not yet confirmed.
TE No zone until the three-month slide stops +119.57% year, but still -52.64% over three months and 38.4% below its 200-day.
LIT, DRIV, ICLN 1.8% to 7.4% below their 200-days Basket exposure with positive trailing years and modest structural damage — the least single-name risk on this board.
TSLA No zone at these levels Strongest week of the stretch, but still 4.1% under its 200-day with a negative trailing year — a trend under test, not confirmed.
LI, NIO, XPEV, LCID, PLUG, ENPH, SEDG, FSLR, KARS No zone Below the 200-day with flat-to-negative trailing years.

Action Matrix

Stock Signal Action Notes
BE 🟡 Neutral 🔒 Hold Absorbed its index inclusion and turned positive again; the board's one unambiguously strong trend.
TSLA 🟡 Neutral 🔍 Watch Best week of the stretch, but still below its 200-day with a negative trailing year.
ENS, LIT, DRIV, ICLN 🟡/🟢 🔍 Watch Positive trailing years with modest gaps to their 200-days — the survivable end of this board.
SQM, ALB 🟢 Oversold 🔍 Watch First green weeks after four straight declines; the month kept deepening for both.
TE 🟡 Neutral ⚠️ Avoid Decline decelerated sharply this week, but the three-month collapse (-52.64%) hasn't turned.
RIVN, FSLR, NXT 🟡 Neutral 🔍 Watch Crossed out of oversold or stabilized this week; still under their 200-days.
ENPH 🟢 Oversold ⚠️ Avoid Weakest name on the board this week with no dated cause on file.
LI, XPEV 🟡/🟢 🔍 Watch Reversed after being last scan's only green names.
NIO 🟢 Oversold 🔍 Watch Turned positive on the week; still 28.1% under its 200-day.
LCID 🟢 Oversold ❌ Don't buy Still the most damaged structure here: 83.51% below its 52-week high, -81.29% on the year — despite a real improvement in the 30-day window.

What To Watch Next

Watch Why it matters
Whether Tesla's strong week starts to close the gap to its 200-day Still 4.1% under it with a negative trailing year despite the best week of this stretch.
Whether Albemarle's and SQM's floor holds Both turned positive on the week for the first time in a month, but the 30-day window deepened further for both.
T1 Energy's three-month collapse, still -52.64% Barely improved from -55.40%; the +119.57% trailing year is not protection against this window.
Enphase's unexplained weakest week No dated news covers a -7.00% move; the pull has been stale since June.
Whether Li Auto and XPeng's reversal extends Both were last scan's only green names and both turned red this week.

The Gold

Key Discoveries

Discovery Implication
Bloom Energy absorbed its S&P 500 inclusion and turned positive again (+1.91%) The board's strongest trend extended through a scheduled event rather than breaking on it.
Albemarle and SQM both turned positive on the week, but their 30-day windows deepened further The week and the month disagree — the floor question from last scan is still open.
Li Auto and XPeng, last scan's only green names, both reversed No name on this board has held a clean multi-week improving trend yet.

Mistakes (Don't Repeat)

Mistake Lesson
Treating a generic aggregator "earnings report" page as a dated catalyst Rivian's fresh pull is from a non-primary aggregator site; no cause is claimed from it.
Reading a positive week as a repaired month Albemarle and SQM both turned green this week while their 30-day windows deepened — the two clocks moved in opposite directions.

Open Questions

  • Do Albemarle and SQM's positive weeks mark a real floor, or does the month keep deepening into a fifth scan?
  • Does Tesla's strongest week of the stretch close the remaining gap to its 200-day, or does it stall at the line?
  • What explains Enphase's unexplained -7.00% week? No receipt on file covers it.

Sources

  • Tape data (price, RSI, moving averages, returns, long-horizon): pre-computed summaries as of the 2026-09-23 close — ev-clean-energy.
  • Prior-scan comparison values: 2026-09-18-ev-clean-energy.
  • Rivian earnings page checked and found to be a generic aggregator page, not a primary source — latest (fetched 2026-09-22).
  • News pulls checked and found to predate this week's window or return no substantive content: ENPH (latest, fetched 2026-06-21, marked stale), SEDG (fetched 2026-08-27), FSLR (fetched 2026-08-18), ALB (fetched 2026-07-29), SQM (fetched 2026-08-25), LI (fetched 2026-09-02), NIO (fetched 2026-09-06), XPEV (fetched 2026-08-28), LCID (fetched 2026-07-17), TE (fetched 2026-09-19), ENS (fetched 2026-06-21, marked stale), NXT (fetched 2026-07-14). No cause is claimed for any of their moves.
10 events

No direct external sources are attached to this read.