On Thursday shares of solar related companies were mostly higher along with the broader markets, a much needed relief from their year-to-date downward trend.
"Our shipments in the first half of 2023 were at record levels," Zvi Lando, CEO of SolarEdge, said during the company's latest quarterly earnings call," However, market demand began to slow in the third quarter and distributors began to experience financial challenges. As a result, we received a large amount of requests to cancel or push out orders."
"Long term, we continue to expect substantial tailwinds for the US distributed solar market including low market penetration, climate utility bills, a strained electrical grid plus a decade of tax benefits under the Inflation Reduction Act," he added. "The firm continues to benefit from its advantaged US position, which constitutes the vast majority of its sales activities, and where selling prices have been largely decoupled from global prices because of trade restrictions on solar panels," he added. -- Japan’s state pension fund, the world’s largest, posted a loss of ¥683.2 billion on total assets during the three months through September as its holdings of domestic debt slumped by a record.
Constellation stock is a great tech stock, but an expensive one. That's why this tech stock could be even better. The post 1 Tech Stock You’ll Be Glad You Bought When the Bull Market Starts appeared first on The Motley Fool Canada.Are you interested in reliable stocks? Consider Canadian Dividend Aristocrats! The post Canadian Dividend Aristocrats: The Backbone of Reliable Investing appeared first on The Motley Fool Canada.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »