Most solar stocks had a decent performance in 2020—despite global lockdown orders that negatively impacted the industry's supply and installation sectors.
The industry was resilient, on one hand, due to increased residential energy use, and on the other, due to increased corporate demand for solar. Homeowners facing skyrocketing energy bills due to "work from home" orders showed interest in installing solar, while the rise of socially responsible investing (SRI) is pushing corporations to invest in the technology to improve their ESG status.
Even though the pandemic had negative impacts on the overall stock market due to the pressure of economic uncertainty, solar stocks stayed resilient. Piggybacking on a booming construction industry, residential solar projects around the world went on as planned.
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