Posted 3/12/2024, 6:20:36 PM
Solar Stocks See Steep Declines As Insufficient Subsidies Cast Shadow on 2023 Growth
- Solar stocks dropped due to news of insufficient federal subsidies for new US solar panel plants
- Subsidies of $0.07 per watt fall short of offsetting savings from cheaper Chinese imports
- First Solar, SolarEdge, Enphase Energy, Sunnova Energy, and Sunrun stock prices all declined significantly
- Good news of 2023's 37% increase in US solar capacity overshadowed by economic challenges
- Wall Street analysts see best upside potential in Sunnova stock despite recent major decline
