Solar stocks poised for comeback in 2024

News Snapshot:

Solar stocks have gotten decimated this year amid high interest rates spurred by the Federal Reserve to tame inflation. Customers have been reluctant to spend on installations, and companies' investment projects have gotten more expensive. A policy change that lowered solar energy incentives in California also impacted the industry in the US. The state slashed the subsidy awarded to rooftop panel owners sending excess power to the grid. The solar and wind energy benchmarks Invesco Solar ETF (TAN) is down 36% year-to-date, and Global X Solar ETF (RAYS) has lost more than 40% during the same period. However, Wall Street...