Solar Stocks Are Surging Lately
Shares of solar companies are extending a recent rally, boosted by optimism that new tariffs on Chinese solar panels, surging power demand, and federal subsidies will boost the sector.
Tweet on Solar shares
Shares of solar companies are extending a recent rally, boosted by optimism that new tariffs on Chinese solar panels.#sola #shares #green #energy pic.twitter.com/kdIMsPzyec
— The_Journalbiz (@the_journalbiz) May 22, 2024
Factset chart
Solar panel and equipment makers such as First Solar, Nextracker, and Enphase are among the industry’s best-performing stocks lately.
First Solar’s stock was recently up some 16%.
A recent UBS note highlighted solar panel maker First Solar as a big beneficiary from rising electricity consumption by data centers used for AI.
