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BUZZ-Solar stocks gain as yields fall, odds of Harris win rise after debate
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BUZZ-Solar stocks gain as yields fall, odds of Harris win rise after debate

** U.S.-listed shares of solar companies rise between 2.2% and 7.2% in premarket trading, helped by lower U.S. Treasury yields

** Shares also lifted after investors priced in greater odds of Democrat Kamala Harris's victory after the presidential debate on Tuesday, increasing the likelihood of a continuation of policies which benefit the renewable energy sector

** "(The debate's outcome) suggests policies geared toward supporting renewable polices, to include solar companies, under a theoretical Harris-Walz administration, have a higher probability of being reality today than before last 's debate," Gordon Johnson of GLJ Research says

** Lower Treasury yields help reduce borrowing costs, making it easier for solar companies to fund expansion

** Maxeon Solar MAXN.O and Jinko Solar JKS.N rise 2.5% and 2.6%, respectively

** Enphase Energy ENPH.O gains 4.1%, Canadian Solar CSIQ.O up 5.1%; First Solar FSLR.O, Sunnova Energy NOVA.N and Sunrun RUN.O gain between 5.4% and 5.8%

** SolarEdge Technologies SEDG.O climbs 6.1%


(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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