08.12.2022 01:00:00
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Solar Stocks On The Move As Tariff Probe Fears Fade
Scores of solar stocks rallied hard on Friday after a probe by the U.S. Commerce Department cleared several companies of tariff evasion though some foreign manufacturers were found guilty of malpractice. Four of the firms investigated were found not to have evaded tariffs, including one tied to JinkoSolar Holding Co. (NYSE: JKS), which soared as much as 13% while Array Technologies Inc. (NASDAQ: ARRY), a U.S. maker of solar trackers, gained as much as 12%. Solar names traded broadly higher, with Enphase Energy (NASDAQ: ENPH) soaring…
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