** Shares of solar companies rise after U.S. Federal Reserve cuts interest rate by a sizeable half percentage point
** Shares of Jinko Solar , Enphase Energy , Sunnova Energy rise between 3.8% and 4.8%
** First Solar and Sunrun up 3.5% and 3.8%, respectively
** Demand for solar rises when rates are low as solar projects are capital intensive
** Higher interest rates raise the costs of solar projects, making it expensive investment for homeowners
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com))
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