Residential solar shrank by 25% year-over-year as the segment continued to struggle with high interest rates and the transition to net billing in California, according to the Solar Energy Industries Association. With 1.3 GWdc installed, it was the segment’s lowest quarter since Q1 2022, the firm noted. The U.S. solar industry installed 11.8 gigawatts-direct current of capacity in Q1 of 2024, the second best quarter for the industry, behind the last quarter of 2023, the SEIA added. Publicly traded companies in the solar space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR).
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