Featured in Further upstream – 10-2024

Growth stalls in August

Utility-scale solar in the United States has been held back by duties on PV module imports, but Jesse Pichel, of Roth Capital Partners, says growth could be on the horizon for residential solar stocks as falling interest rates open the door to an uptick in battery demand.

 The Invesco Solar exchange-traded fund decreased 0.3% in August 2024, trailing the S&P 500 and the Dow Jones Industrial Average stock indexes, which rose 3.7% and 3%, respectively.The top US-listed solar-related stocks in August 2024 were Sunnova Energy International Inc, which rose 34% month on month; Sunrun Inc., up 17%; and Emeren Group Ltd., which …

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