Shares of US solar companies are growing amid the recovery of the sector in China

In pre-market trading on Friday, the securities of American solar energy manufacturers showed growth amid signs of price stabilization in the Chinese solar sector. Beijing's efforts to combat deflation are beginning to bear fruit, which supports the global solar technology market.

Solar plate prices continue to rise, creating favorable conditions for companies throughout the supply chain.

The largest increase was shown by Canadian Solar, whose shares jumped 9.2%. SolarEdge Technologies (+1.4%), Enphase Energy (+1%) and Sunrun (+0.7%) also showed positive dynamics.

Analysts note that the recovery in prices for solar components is due to measures taken by China to stimulate the economy and reduce the risks of deflation, which supports the entire renewable energy sector.