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Rooftop Solar Stocks Surge Despite Disappointing Earnings
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Rooftop solar stocks, including SunPower, Sunrun, and Sunnova, experienced a surge despite disappointing earnings. Analysts warn of oversupply in solar equipment and rising financing costs. SolarEdge and Enphase also fell in share price after weak results. Sunrun took a $1.2 billion charge from the purchase of Vivint Solar. Thai tycoon Somphote Green's push into electric vehicles and batteries raised concerns about Energy Absolute's debt burdens.
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How can the oversupply in solar equipment be addressed?
What impact will the weak results of SolarEdge and Enphase have on the solar sector?
What strategies can solar firms employ to reduce financing costs?
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