Solar stocks edge higher on lower yields

JinkoSolar Holding

27/03/2024 18:32

** Shares of solar companies soar on lower U.S. Treasury
yields as investors await inflation data that could cast further
light on the Federal Reserve's policy path
    ** Solar manufacturers Suniva and Heliene enter $400 mln
deal to produce "Made in USA" panels
    ** Solar project builders that use panels containing
American-made cells will be able to claim a 10% tax credit for
using domestic content
    ** Enphase Energy  ENPH.O  is the top performer on the S&P
500 Index  .PG.INX , up ~8.1%
    ** Maxeon Solar Technologies  MAXN.O , SunPower  SPWR.O  and
Sunrun  RUN.O  rise between 12.5% and 14.1%
    ** Canadian Solar  CSIQ.O , First Solar  FSLR.O , Sunnova
 NOVA.N , JinkoSolar  JKS.N  and SolarEdge  SEDG.O  gain between
5.7% and 8.8%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))