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Given the current industry tailwinds, Wall Street is placing huge bets on the solar industry. This has driven a rally in solar stocks, as evidenced by Invesco Solar Portfolio ETF’s (TAN) 210.4% returns over the past year versus S&P 500’s 50% gains.
Based on consensus price targets, we think prominent solar stocks Enphase Energy, Inc. (ENPH), SolarEdge Technologies, Inc. (NASDAQ:SEDG), and ReneSola Ltd. (SOL) have the potential to rally by more than 20% in the next 12 months.
