BUZZ-Solar companies down amid wider market sell off
Shares of solar companies are declining amid a broader market sell-off, influenced by U.S. President Trump's uncertain tariff policies. The S&P 500 is down 5% year-to-date, while the Clean Energy Index has only decreased by 1%. Analysts suggest that clean energy stocks are performing relatively well due to benefits from declining interest rates. Notable declines include Maxeon Solar down 11.6%, Emeren Group down 3.4%, and Canadian Solar down 3%. First Solar and Sunrun also saw decreases of 4.6% and 1.3%, respectively.
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
