Solar Stocks Jump After Fed Keeps Interest Rates Flat
Alex Kimani
Alex Kimani is a veteran financing author, financier, engineer and scientist for Safehaven.com.
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By Alex Kimani - Dec 14, 2023, 7:00 PM CST
Solar stocks reacted highly after the Fed revealed it would keep rates of interest the same.
The solar sector's popular benchmarkInvesco Solar ETF was up almost 10%, showing that this tide has actually raised all boats.
The huge dive can be chalked up to the reality that solar setups, particularly in the roof market, are mostly driven by rates of interest.
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