UBS Solar basket jumps 40% year-to-date on lower yields and looming tariff decisions, analysts say.
Solar stocks have surged past a long-term downtrend, marking their first major technical breakout in over five years. The UBS Solar basket has climbed 40% year-to-date, driven by falling bond yields and renewed policy support.
Analysts point to expectations of a Section 232 tariff announcement in mid-to-late June as a key catalyst. First Solar has led the rally, with broader sector momentum building amid shifting market conditions.
The move reflects growing investor confidence in clean energy equities, though volatility remains elevated ahead of potential trade policy changes.