ACES - Solar stocks on fire amid Biden climate plans; SolarEdge upgraded at Barclays

Solar stocks including Enphase Energy ([[ENPH]] +7.2%) and SunPower ([[SPWR]] +5.1%) post strong gains, buoyed by President Biden's ambitious new emission reduction proposals ahead of this week's climate summit of world leaders.ETFs: [[TAN]], [[ICLN]], [[QCLN]], [[PBW]], [[ACES]], [[CTEC]]SolarEdge Technologies ([[SEDG]] +8.6%) is the new top pick in U.S. solar at Barclays, which upgrades shares to Overweight from Equal Weight with a $365 price target, up from $334.SolarEdge is among the strongest positioned solar names heading into the Q1 reporting season, Barclays analyst Moses Sutton says, adding that consensus estimates are too low as upside potential from Kokam pricing and EnergyHub volume is underappreciated.Sutton also upgrades First Solar ([[FSLR]] +5.6%) to Equal Weight from Underweight with an $84 price target, up from $65, saying he does not expect polysilicon pricing pressure to be a "material tailwind" for the company as U.S. imports are dropping and tariffs are still rolling off.The firm

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Solar stocks on fire amid Biden climate plans; SolarEdge upgraded at Barclays