Speculation abounds over tax credits
There were mixed fortunes for US solar stocks in February, with the residential segment enduring another month of double-digit decline while utility-scale stocks rallied. Uncertainty looms over key tax credits, says Jesse Pichel, of Roth Capital Partners.
The Invesco Solar exchange-traded fund fell 4.3% in February, while the S&P 500 and Dow Jones Industral Average stock indices fell 1.4% and 1.6%, respectively.The top three performing US solar-related stocks for the month were SolarEdge Technologies Inc., up 26%; Altus Power Inc., which gained 22%; and Daqo Energy Corp, up 13%. The poorest performers …
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