03 Nov, 23

Solar Stocks Shaken By High Interest Rates And Supply Chain Issues

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The renewable energy industry is in full collapse mode this week. First, Orsted A/S, the world’s largest offshore wind farm developer, abandoned two major US projects due to supply chain and interest rate impacts, and now solar stocks are being clubbed like a baby seal in US premarket trading on Thursday after solar equipment-makers SolarEdge and Sunrun reported dismal guidance amid waning demand.  Let’s start with solar equipment maker SolarEdge Technologies. The company said current quarter revenues are expected between $300 million to $350…

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