Solar stocks rise after peer Enphase Energy's strong demand prospects

Array Technologies

07/02/2024 13:10

** Shares of solar companies rise premarket after peer
Enphase Energy  ENPH.O  reported Q4 result on Tuesday
    ** Enphase Energy shares jumped 14.2% to $114.73 as the
solar inverter maker expects demand, margins for batteries and
micro-invertors to improve throughout 2024
    ** Shares of solar panel maker First Solar  FSLR.O  gains
3.5%, solar tracker maker Array Technologies  ARRY.O  adds 1.4%
    ** Maxeon Solar  MAXN.O , Canadian Solar  CSIQ.O  and Sunrun
 RUN.O  rise between 1.8% and 3.9%
    ** Residential solar firm Sunnova Energy  NOVA.N , Sunpower
Corp  SPWR.O , and Solaredge Technologies  SEDG.O  up between
2.7% and 8.7%
    ** China-based solar panel maker JinkoSolar Holding  JKS.N 
and Invesco Solar ETF  TAN.N  climb 1.4% and 4%, respectively

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))