Solar shares surge as ink dries on UN climate deal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image credit: Flickr/bfishadow

Shares in most major solar energy manufacturers and developers jumped on Monday, the first day of trading since the conclusion of the Paris climate talks.

Residential US installer SolarCity jumped 12.28% while Trina Solar, the world’s largest solar panel manufacturer, jumped 11.52%.

Governments agreed on Saturday to take collective action to limit climate change to two degree Celsius of warming with an aspiration to establish a stronger limit of 1.5 degrees Celsius.

Trina’s jump could also have been impacted by a proposed buyout yesterday from CEO Jifan Gao, but the uniformity of steady rises suggests a broader influence underneath the company-specific signals in each price.

Other risers were SunPower (8.17%), SunEdison (5.78%), First Solar (5.70%), Canadian Solar (5.03%), Yingli Green (1.45%) and Jinko Solar (3.61%) and Enphase (6.19%).

Read Next

July 21, 2021
A round-up of the latest stories from the US solar market, featuring news of EPC Signal Energy and tracker provider Nextracker being selected for a 728MW solar portfolio in Texas and California, and Longroad Energy completing a financing package for its 200MWdc solar project in Arizona.
July 12, 2021
Elon Musk and Tesla’s court case regarding its acquisition of solar installer SolarCity has got underway in the US this week, with shareholders of the energy and automotive company alleging that fiduciary duties were breached when the deal was agreed.
July 7, 2021
A 60MW floating solar project installed on a reservoir in Singapore has been connected to the grid and is now in commercial operation.
July 2, 2021
Trina Solar has achieved a record aperture module efficiency of 23.03% for larger-area industrial silicon p-type modules, the manufacturer said.
June 28, 2021
US-based wafer producer 1366 Technologies has merged with Hunt Perovskite Technologies (HPT), with the combined company planning to bring to market tandem modules.
PV Tech Premium
June 23, 2021
US-based solar manufacturers have enthusiastically backed proposed tax credits that they say could enable the country to meet its PV equipment demands domestically while creating tens of thousands of new jobs.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021