High interest rates have dimmed the solar sector. Will coming cuts put a shine on their stocks?

High interest rates have dimmed the solar sector. Will coming cuts put a shine on their stocks?

SeattlePI.com

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More sunshine could be in the forecast for solar power companies like SolarEdge Technologies and Sunrun, whose stock prices have been dimmed by high interest rates. Wall Street is betting that those high rates could start coming down by September. High rates have hampered financing for the residential solar sector and weighed down companies with growing inventory backlogs, but interest rate cuts should trickle down to consumers and businesses.

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