Bright Skies, Dark Markets: U.S. Solar Installations Surge as Solar Stocks Crumble

A recent U.S. Solar Energy Industries Association (SEIA) report reveals a surge in U.S. solar installations for the year, contrasting sharply with the sector's lackluster stock market performance.

Bottom line

The robust solar installation numbers in the U.S. this year were largely propelled by several key factors. A significant lag between sales and actual installations played a major role, alongside a surge in sales prior to the implementation of NEM 3.0 in April. Additionally, the recovery from a low base in 2022 for utility-scale installations due to supply chain congestion contributed to these impressive figures. Looking ahead to 2024, the outlook for the U.S. solar industry remains challenging. However, underlying secular trends remain positive and we are diligently monitoring evolutions across all segments and geographies to stay abreast of developments in this dynamic sector.

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