Solar Power Stocks Fall on Concerns About Potential Hackers

Group 1 - The FBI issued a Private Industry Notification warning that "malicious cyber actors" may target the renewable energy sector, particularly solar power companies [1][6] - Following the FBI's warning, shares of major solar companies such as Enphase Energy (ENPH) and First Solar (FSLR) experienced declines of 5% and 3.4% respectively [6] - The FBI noted that legislation like the Inflation Reduction Act of 2022, which promotes renewable energy growth, could inadvertently create more opportunities for hackers [1][6] Group 2 - The FBI memo detailed potential attack methods on solar infrastructure and provided recommendations for companies to enhance their cybersecurity measures [6] - Other solar companies also saw stock declines, with SolarEdge Technologies (SEDG) down 4% and Canadian Solar (CSIQ) down 2% [6]