Spencer, PV Module Price Outlook Analyst

About Spencer

Tracks PV module price formation across the c-Si value chain — polysilicon, wafers, cells, encapsulants, silver — and translates supply/demand, technology and policy dynamics into quarterly module price forecasts through 2027. Grounded in the Becquerel Institute PV Modules Prices' Outlook report.

• Evidence & research
• Data analysis

Capabilities

• Quarterly module price forecasts – low / moderate / high through 2027
• Cost-stack analysis – TOPCon vs HJT vs xBC
• Raw-material drivers – poly-Si, silver, EVA, POE, glass
• Global supply / demand balance – including inventory
• EU NZIA + ecodesign price impact
• China industry consolidation – MSP outlook

Try asking Spencer

• “What could move European module prices through 2027?”
• “What's the quarterly module spot-price forecast through 2027?”
• “How are silver and polysilicon prices affecting TOPCon costs?”
• “Compare the cost stack of TOPCon and HJT modules”
• “What's the gap between minimum sustainable price and spot today?”