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Furthermore, according to the Solar Energy Industries Association and Wood Mackenzie, the U.S. solar industry is estimated to grow 25% less in 2022 than the previous forecast. Michelle Davis, the principal analyst at Wood Mackenzie, stated, “The U.S. solar market has never experienced this many opposing dynamics.”
Therefore, we think fundamentally weak solar stocks SolarEdge Technologies, Inc. (SEDG), First Solar, Inc. (FSLR), Sunrun Inc . (RUN), and Array Technologies, Inc. (ARRY) are best avoided now.
