Reported 5 months ago
Shares of solar-related stocks First Solar, SunPower, and Sunnova Energy surged by 18%, 17.4%, and 12.6% respectively due to a positive analyst upgrade and investor optimism surrounding AI data center electrification. Analysts from UBS raised First Solar's price target to $270, projecting significant earnings growth by 2027 driven by AI data center electricity demand and protectionist policies, highlighting the company's thin-film solar technology as advantageous. While SunPower's rally may be influenced by its meme stock reputation, companies are exploring innovative ways to support the electrical grid, creating potential indirect benefits from the increasing demand for clean energy stocks in light of the AI revolution.
Source: YAHOO