BUZZ-Solar stocks down on possibility of higher-for-longer interest rates

Reuters04-11

** Shares of solar companies fall as traders brace for higher-for-longer U.S. interest rates after hot inflation report

** SolarEdge Technologies , Sunrun , First Solar and Enphase Energy drop between 3.4% and 8.4%

** Other solar stocks Sunpower Corp , Sunnova Energy

, FTC Solar and Canadian Solar drop between 4.8% and 13.6%

** Hotter than expected U.S. inflation data cast doubt on the prospects of the first interest rate cut in June by Federal Reserve

** Higher interest rates raise the costs of solar projects, making it expensive investment for homeowners

** Invesco solar ETF drops 4%, taking YTD losses to 18%

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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