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Furthermore, the industry is expected to see solid growth with a rising focus on sustainable energy to address climate change concerns. A U.S. Energy Information Administration report claims solar generation will account for 14% of the total electricity generation in the United States by 2035 and 20% by 2050.
Therefore, we think solar stocks Array Technologies, Inc. (ARRY) and Beam Global (BEEM) could be good additions to one’s watchlist now. Wall Street analysts expect them to rally by 45% or more in price over the next 12 months.
