Solar stocks rally after SunPower adds Tesla Powerwall to product portfolio
22/05/2024 19:44
** Shares of solar energy companies are advancing on Wed after
SunPower SPWR.O announced it would begin offering Tesla's
TSLA.O Powerwall 3 as apart of its product portfolio
** SPWR is up 18% to $3.24 following the announcement
** Tesla Powerwall is one of the most sought-after battery
storage solutions and accounted for over half of home battery
installations last year, according to a SunPower statement
** Other solar companies are trading higher and are one of
the top gainers on the S&P 1500 index .SPSUP : First Solar
FSLR.O up 16% at around $246, after rising to its highest
level since 2008, while Sunrun RUN.O rises ~6% to $12.73
** Enphase Energy ENPH.O is also up 7.7% at $120.14 and
SolarEdge Technologies SEDG.O added 6% to $51.45
(Reporting by Chibuike Oguh in New York)
((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))