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Changes in government policies, such as subsidies, tax incentives, and regulations related to renewable energy, can significantly impact the growth of the solar energy industry and, consequently, the performance of solar energy stocks.
Innovations in solar technology could drive down costs, improve efficiency, and increase the competitiveness of solar energy compared to other energy sources.
Economic factors, such as GDP growth, interest rates, and consumer spending, can influence the overall investment environment, including the performance of renewable energy stocks like solar.
Growing awareness of climate change and the need for sustainable energy solutions could drive increased investment in renewable energy, benefiting solar energy stocks.