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solar sector
Trends
- 1Ofer Yannay seeks $200 million for Nofar's legacy solar business●Ofer Yannay seeks $200 million for Nofar’s legacy solar business
Israeli businessman Ofer Yannay is seeking to raise $200 million for Nofar Energy's legacy solar operations, according to Calcalist. The reported fundraising effort concerns the established solar business of Nofar, the renewable energy company, as Yannay looks to secure backing for the unit. Further details on investors, valuation or the intended use of the funds were not disclosed, and the company has not publicly commented on the reported move.
- 2First Solar Shares Rise After KeyBanc Upgrade●First Solar Shares Rise After KeyBanc Removes Underweight Rating
Shares of First Solar rose after KeyBanc removed its underweight rating on the solar panel maker. The move by the brokerage signaled a more neutral or positive stance on the company, prompting investors to buy the stock. First Solar, a major US-based solar manufacturer, has been closely watched amid shifting policy and demand dynamics in the clean energy sector.
- 3ABB launches new meter socket for solar installations●ABB launches the Microlectric® BS225M-TCVCN meter socket to support growing demand for solar energy
ABB has introduced the Microlectric BS225M-TCVCN meter socket, a new product aimed at supporting the growing demand for solar energy. The launch adds to ABB's electrical equipment range and is designed to accommodate solar installations connected through the metering point. The announcement has drawn attention within the energy sector as solar adoption continues to expand.