Solar stocks down as US treasury yields rise

Emeren

16/04/2024 16:51

** Shares of solar companies fall on higher U.S. treasury
yields 
    ** 10-year treasury yield hits five-month highs after U.S.
retail sales increased more than expected in March 
    ** Sunnova  NOVA.N , Sunrun  RUN.O , SolarEdge Technologies 
 SEDG.O  and Emeren Group  SOL.N  down between 2.5%-5.4%
    ** Other solar firms such as Canadian Solar  CSIQ.O , First
Solar   FSLR.O , Enphase Energy  ENPH.O  and SunPower Corp
 SPWR.O  fall between 0.9%-2.3%
    ** Invesco solar ETF  TAN.P  dips 1.5%


 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com;))