Why Solar Stocks Will Thrive During a Recession
Technically, the U.S. is already in recession territory but we may only be at the beginning of the long-lasting impacts of COVID-19's economic fallout. Unemployment is staying stubbornly high just as stimulus checks and generous unemployment benefits run out. Meanwhile, companies are running out of reserves and their own stimulus funds, which could lead to more layoffs in coming months.
In any recession, there are companies who can still thrive. This time around, I think solar stocks are built to benefit, and it comes down to what they offer consumers in a recession environment.
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Source Fool.com
