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Solar stocks are sliding amid policy headwinds. Wall Street analysts say buy these names


Tim McKibben (left), a Sunrun senior solar installer, and Aaron Newsom, an installer, install solar panels onto the roof of a Granada Hills home.

Mel Melcon | Los Angeles Times | Getty Images

On Monday, solar stocks plunged after news of the fate of Build Back Better, which provides billions for clean energy projects, broke. thrown into questionWest Virginia Senator Joe Manchin stated that he could not vote for the legislation.

It Invesco Solar ETFThe sector suffered heavy losses that saw the industry drop as high as 6% SunrunAt the lowest point of the day, the stock market fell by 11.5%. SunPower SunnovaMore than 7 % of the population fell. Enphase SolarEdgeBoth were also trading lower. Wall Street was awake at 11:20 AM to see that the group had recouped some losses. Sunrun, however, lost more than 5%.

Wall Street analysts think that the uncertainty surrounding Build Back Better was already evident in solar shares and point to several stocks which look particularly attractive after the drop.