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Brand Awareness

Solar Power Stocks Fall on Concerns About Potential Hackers [Video]

Shares of solar power companies, including Enphase Energy (ENPH) and First Solar (FSLR), dropped Monday following a report that federal officials have raised concerns about the potential of hackers striking the renewable energy sector.

CNBC pointed to a Private Industry Notification (PIN) sent to businesses this month by the Federal Bureau of Investigation (FBI) warning that “malicious cyber actors may seek to disrupt power generating operations, steal intellectual property, or ransom information critical for normal functionality to advance geopolitical motives or financial gain within the US renewable energy industry.”

The FBI noted that legislation—including the Inflation Reduction Act of 2022—that encourages expansion of renewable energy will drive the industry to keep pace, “providing more opportunities and targets” for hackers.

The memo specifically explained how criminals could attack solar infrastructure, and outlined a series of steps companies can take to protect themselves “in response to these new activity trends.”

Shares of Enphase and First Solar were down 5% and 3.4%, respectively, …

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Brand Awareness

How China Is Rewiring Its Faltering Economy [Video]

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.00:00 Introduction 01:05 China’s growth story 01:54 Solar firm GCL 02:50 Hi-tech sectors04:05 Tariffs and weak consumption07:09 Model of success If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZFor more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh Sign up here for the Next China newsletter to get Bloomberg’s weekly dispatches from Beijing: https://trib.al/kX4Zyws--------Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginalsBloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.