Higher interest rates have been a headwind for many sectors, including solar energy. As the Federal Reserve may pivot to rate cuts next year, hope is on the horizon for the renewable energy sector. In turn, Jefferies has initiated coverage on a number of solar stocks — including Enphase Energy (ENPH) and First Solar (FSLR) — with a "Buy" rating.

Yahoo Finance Reporter Madison Mills joins the Live show to break down the announcement from Jefferies and what it means for the solar sector going forward.

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