Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure.

"The prevailing dynamic has been 'buy the rumor and buy the news', with momentum building..."

First Solar is closing in on a breakout, as the construction of AI data centers drives up demand for renewable energy sources.

Solar stocks have surged 40% year-to-date as falling yields and a potential Section 232 tariff ruling in June push First Solar and peers to multi-month highs.

Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure.