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4 Stocks to Avoid as a Report Forecasts the Solar Industry Will Grow 25% Less Than Expected in 2022 -Breaking

by Mike Robinson

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© Reuters. Here are 4 stocks to avoid as a report forecasts that the solar industry will grow 25% less than expected in 2022

Despite federal investments, the growth projections for the solar industry have dampened analysts’ optimism, owing to supply chain constraints. We believe that solar stocks SolarEdge Technologies, First Solar (NASDAQ;), Sunrun (NASDAQ :), and Array Technologies are better avoided right now. Keep reading. Over the past year, significant supply chain issues have impeded growth in the solar industry. A majority of the 2022 solar projects could be delayed, or even cancelled due to shipping and materials costs.

Wood Mackenzie and Solar Energy Industries Association estimate that the U.S. Solar industry will experience a 25% decrease in growth by 2022, compared with the previous forecast. Michelle Davis, the principal analyst at Wood Mackenzie, stated, “The U.S. solar market has never experienced this many opposing dynamics.”

We think that the fundamentally poor solar stocks SolarEdge Technologies, Inc., First Solar, Inc., (FSLR) are too weak. Sunrun Inc . It is best to avoid Array Technology, Inc. (ARRY), and (RUN).

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