Solar stocks rally in September
The Invesco Solar exchange-traded fund (ETF) returned to growth in September 2024, with utility-scale PV equipment stocks performing particularly well. More US solar businesses are expected to shutter but anticipated interest rate cuts should lead to stronger performance in the year ahead, says Jesse Pichel, of Roth Capital Partners.
The Invesco Solar ETF returned to growth in September 2024, up 4% for the month and outperforming the S&P 500 and Dow Jones Industrial Average stock indexes, which both rose by 2%.The top US-listed solar-related stocks for September 2024 were FTC Solar Inc., up 187% month on month; Complete Solar Inc., which rose 52%; and …
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