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First Solar Climbs 5% on Bullish Wells Fargo Note, SolarEdge Jumps 8%, Canadian Solar Gains 7%, Enphase Rises 5%
Wells Fargo said a favorable U.S. polysilicon ruling could lift solar pricing and support earnings, while 42 analysts cover First Solar, LSEG data shows.
Solar stocks are ripping higher in Monday trading, led by a bullish Wells Fargo note on the sector’s biggest domestic manufacturer. First Solar (NASDAQ:FSLR) shares are up 5% to $236.52, while SolarEdge Technologies (NASDAQ:SEDG) stock is the biggest mover at +8% to $56.58. Meanwhile, Canadian Solar (NASDAQ:CSIQ) shares are up 7% to $15.41, and Enphase ... First Solar Climbs 5% on Bullish Wells Fargo Note, SolarEdge Jumps 8%, Canadian Solar Gain…