Beaten down US solar sector may be primed for a rebound

The stock prices of companies engaged across the solar sector in the United States have reflected the tough operating environment the firms have faced throughout the country. — Reuters

SOLAR stocks have been some of the hardest hit equities in US markets this year, with several major solar firms nursing stock price losses of more than 50% and a major solar-based exchange-traded fund (ETF) down roughly 30%.

High interest rates that caused financing costs for panel installations to surge and enduring supply chain disruptions have stifled residential and corporate solar system orders through much of 2023, hammering sector sentiment.