Solar companies down amid wider market sell off

Maxeon Solar Technologies

10/03/2025 18:56

** Shares of solar companies fall amid market-wide sell-off in stocks after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment

** "S&P 500 is down 5% YTD...the Clean Energy Index (ICLN) is down only 1% YTD...clean energy stocks have done relatively well...considering the backdrop of the broader market weakness...is precisely because these cos benefit from declining interest rates," - Raymond James analyst Pavel Molchanov

** Solar companies - Maxeon Solar MAXN.O down 11.6%, Emeren Group SOL.N down 3.4% and Canadian Solar CSIQ.O down 3%

** First Solar FSLR.O and Sunrun RUN.O down 4.6% and 1.3%, respectively

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))