LA Mayor on switching to solar streetlights because of copper theft

Los Angeles plans to replace 60,000 copper-wired street lights with solar units to deter copper theft and advance environmental goals. The initiative could lower theft-related replacement and maintenance costs for municipalities and create modest demand upside for solar lighting suppliers, but is unlikely to move broader markets.

Analysis

Los Angeles plans to replace 60,000 copper-wired street lights with solar units to deter copper theft and advance environmental goals. The initiative could lower theft-related replacement and maintenance costs for municipalities and create modest demand upside for solar lighting suppliers, but is unlikely to move broader markets.