ToplineTwo of the worst-performing U.S. stocks this week, Array Technologies and FTC Solar, both make tracking systems for solar energy systems – that is, they move solar panels around to follow the sun and maximize energy production – but this business has been hurt by rising commodity costs. But Pavel Molchanov, energy analyst at Raymond James, thinks demand for solar energy products will remain strong as businesses and consumers commit to decarbonization and prices of related commodities will eventually taper off. None of these trends are about to disappear.” Molchanov also told Forbes demand for solar products will be “resilient” in the face of the current material cost pressures. Further ReadingWhat Is Happening With Solar Energy? (Forbes)The Future Of US Solar Is Bright (Forbes)What The Post-Pandemic World Needs Is A Solar Energy Revolution (Forbes)

Source: Forbes May 13, 2021 19:07 UTC