BUZZ-Solar companies gain after Powell's comments fuel rate-cut expectations
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Shares of solar companies rise, tracking broader market gains after U.S. Federal Reserve Chair Jerome Powell hinted on possible interest rate cuts in September (.N) Lower interest rates reduce the cost of solar projects, making it a cheaper investment for homeowners, leading to a rise in demand for solar productsShares of SunRunup 7.5%, SolarEdge Technologiesrise 8.7%, and Enphase Energyup 7.4%First Solarrises ~4% and Canadian Solarup 2.4%
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