Solar stocks gain as odds of Harris win rise after presidential debate
11/09/2024 16:06
(Updates)
** U.S.-listed shares of solar companies rise after U.S.
presidential debate
** Debate "suggests policies geared toward supporting
renewable polices to include solar companies, under a
theoretical Harris-Walz administration, have a higher
probability of being reality today than before last night's
debate", Gordon Johnson of GLJ Research says
** Betting odds for Democrat Kamala Harris's victory rose
following the debate on Tuesday, increasing the chances of a
continuation of policies that benefit the renewable energy
sector
** "Solar stocks, along with other clean tech stocks, move
higher whenever investors perceive that the Democrats will
perform strongly in the November election" - Raymond James
analyst Pavel Molchanov
** Shares of Maxeon Solar MAXN.O , Jinko Solar JKS.N
Enphase Energy ENPH.O , Sunnova Energy NOVA.N , Canadian Solar
CSIQ.O and SolarEdge Technologies SEDG.O rise between 1.8%
and 7.9%
** First Solar FSLR.O and Sunrun RUN.O both up about
8.7%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))