This post was originally published on this site
The global solar energy market is projected to reach $223.3 billion by 2026, exhibiting a CAGR of 20.5%. While most players in the solar space have been benefiting from the industry tailwinds, some are struggling to stay afloat due to intense competition. Moreover, supply constraints of solar equipment components like polysilicon, copper, semiconductor chips, and other metals are marrying their growth.
Given this backdrop, it could be wise to avoid solar stocks possessing weak fundamentals and poor growth prospects. Because of fragile financial health, Sunrun Inc . (RUN) and JinkoSolar Holding Co., Ltd. (JKS) have been recently downgraded by analysts. Therefore, these two stocks are best avoided now.
