Beaten-Down Solar Stocks Are Surging -- WSJ

Dow Jones05-23

By Amrith Ramkumar

Shares of solar companies are extending a recent rally, boosted by optimism that new tariffs on Chinese solar panels, surging power demand and federal subsidies will boost the sector.

Solar panel and equipment makers such as First Solar, Nextracker and Enphase are among the industry's best-performing stocks lately.

First Solar's stock was recently up some 16%. A recent UBS note highlighted solar panel maker First Solar as a big beneficiary from rising electricity consumption by data centers used for AI.

Further reading:

-- Biden Levies Sweeping Tariffs on China

-- Big Techs Latest Obsession Is Finding Enough Energy

-- The Unlikely Stocks That Became a Hot Bet on AI

-- The U.S. Clean-Energy Company That Hit the Subsidies Jackpot

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 22, 2024 12:01 ET (16:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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