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Sunlit Skies Ahead: Solar Stocks Poised for Major Rise

 
solar, stocks, major rise, Jefferies, First Solar, Enphase, Sunrun, tax benefits, service sector, balance sheets, order backlogs, 2024, high interest rates, demand, analysts, earnings, revenue, forecast, SolarEdge
 
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Summary

 

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Jefferies analysts foresee a bright future for solar companies despite recent challenges.

 

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Companies highlighted for potential growth include First Solar (+26%), Enphase Energy (+15.5%), and Sunrun Inc. (+31.5%).

 

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The solar sector is poised for a rebound with positive catalysts, including tax benefits and a shift in focus toward service-oriented firms.

 

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SolarEdge shows promising signs despite recent challenges, with a notable 33% gain in the last two days.

 

Jefferies Identifies Solar Stars Set for Soaring Success

 

In the ever-evolving landscape of the stock market, solar companies are emerging from the shadows of recent challenges, and according to Jefferies, a renaissance may be on the horizon. Led by analyst Dushyant Ailani, the Jefferies team has pinpointed key players in the solar sector that are poised for substantial gains in the near future.

 

The Jefferies analysts have strategically selected companies that they believe will outshine others in the solar space. These include:

 

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First Solar (FSLR): +26% Upside with Target Price: $211

 

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Enphase Energy (ENPH): +15.5% Upside with Target Price: $145

 

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Sunrun Inc. (RUN): +31.5% Upside with Target Price: $25

 

Jefferies emphasizes the importance of considering companies in the service sector with robust balance sheets and substantial order backlogs, especially during times of uncertainty.

 

Tax Benefits and Positive Catalysts Brighten the Solar Outlook

 

The Jefferies article underscores the pivotal role of tax benefits and upcoming catalysts in steering the solar sector towards positive growth. With 2024 on the horizon, companies in the solar energy field stand to benefit from these catalysts, creating a favorable environment for investors.

 

Earlier this year, a new regulation was enacted to provide tax benefits to companies operating in the solar energy sector, aiming to boost activity and stimulate demand. The high-interest rates that previously hampered the solar industry are expected to take a back seat as customers are incentivized to invest in solar panels.

 

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FSLR Stock Analysis

 
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156.70
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3.51
 
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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
 
 
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Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

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Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.