China Is the Key for Solar Stocks in 2020
It's been an up-and-down start to the year for solar stocks trading in the U.S. One day, there's optimism about the industry's growth, and the next, there's trepidation about the future. But it isn't anything here at home that's driving stocks; it's news out of China.
2019 was a down year for solar installations with just 17.9 gigawatts (GW) installed through November, compared to 53 GW installed as recently as 2017. But the China Photovoltaic Industry Association recently said 12.2 GW were installed in December for 30.1 GW for the year. Whether solar installations are going up or down, China is still the dominant story in the solar industry.
Image source: Getty Images.
Source Fool.com