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Enphase, First Solar, and More Solar Stocks Shine After the Fed Cuts Interest Rates

Enphase, First Solar, and More Solar Stocks Shine After the Fed Cuts Interest Rates

Following signals that the labor market is softening and inflation is cooling, the Fed lowered interest rates by a half percentage point on Wednesday. One standout sector was solar stocks. Demand for solar panels has taken a hit amid increased interest rates and inflationary pressures.