Undeniably, one of the worst-hit sectors overall last year was solar stocks. So, why bother even considering this embattled sector? Basically, the fundamental narrative may change. While solar stocks indeed suffered either disappointing performances or hefty losses, much of that centered on broader economic conditions.
The problem presented a double whammy. On the consumer end, people and enterprises suffered difficulties in financing solar-related costs. On the business end, higher borrowing costs imposed challenges regarding expansion and other endeavors. However, the Fed then hinted at reduced rates in 2024, which sparked a resurgence in solar stocks.
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