"Analysts Bullish on Solar Energy Stocks: First Solar and Enphase Receive Buy Ratings"

Jefferies analysts have initiated coverage on alternative energy stocks, giving buy ratings to First Solar, Enphase Energy, and SunRun. They believe that companies with exposure to utility-scale projects and strong balance sheets offer better risk/reward in times of uncertainty. The analysts rated SunPower and Array Technologies as hold. Catalysts for the sector include clarity on Inflation Reduction Act provisions and stabilization of interest rates. Solar power stocks have underperformed due to factors like higher interest rates and regulatory changes. First Solar is highlighted as a top pick due to its strong backlog, supportive pricing, and improving gross margins.