tradingkey.logo

Solar companies down amid wider market sell off

ReutersMar 10, 2025 6:56 PM

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI