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BUZZ-Solar stocks gain as odds of Harris win rise after presidential debate
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BUZZ-Solar stocks gain as odds of Harris win rise after presidential debate

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** U.S.-listed shares of solar companies rise after U.S. presidential debate

** Debate "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

** Betting odds for Democrat Kamala Harris's victory rose following the debate on Tuesday, increasing the chances of a continuation of policies that benefit the renewable energy sector

** "Solar stocks, along with other clean tech stocks, move higher whenever investors perceive that the Democrats will perform strongly in the November election" - Raymond James analyst Pavel Molchanov

** Shares of Maxeon Solar MAXN.O, Jinko Solar JKS.N Enphase Energy ENPH.O, Sunnova Energy NOVA.N, Canadian Solar CSIQ.O and SolarEdge Technologies SEDG.O rise between 1.8% and 7.9%

** First Solar FSLR.O and Sunrun RUN.O both up about 8.7%


(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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