2 Beaten-Down Solar Stocks Due for a Rebound

At the COP28 UN climate summit in Dubai, more than 100 countries have now signed onto a G20-led initiative pledging to triple global installed renewable energy capacity by the end of the decade. Among alternative energy sources, solar remains a top choice, representing about 32% of total global renewable energy output.

And the growth prospects for solar appear bright. According to this report, the global solar power market is projected to clock an impressive CAGR of 14.9% between 2023 and 2032, reaching roughly $678.81 billion over the next decade.