First Solar, Nextracker, and Sunrun can be considered top investment picks with varying performance expectations.
The clean energy sector is trudging through a bearish stretch with high interest rates, low power prices, and uncertainty around U.S. climate policy taking a toll on renewable energy stocks. The solar sector, in particular, is enduring a torrid season with investors shunning solar investments. Indeed, Mercom Capital Group has reported that Solar companies recorded the highest amount in debt financing in a decade during the first half of 2024, with solar companies raising $12.
has managed to claw back some of the losses, climbing 10.5% in Monday’s session; however, is set to report earnings on 07/30/2024 after market close. According to Zacks Investment Research, based on 12 analysts' forecasts, the consensus EPS forecast for the quarter is $2.67 compared to $1.85 for last year’s comparable quarter.
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