Canadian Solar (CSIQ) stock is soaring 6.22% in intraday trading, riding the wave of a significant upward trend in the solar sector. The company's shares are outperforming the broader market as investors show renewed interest in renewable energy stocks.

The rally is not limited to Canadian Solar, as several other major players in the solar industry are also experiencing substantial gains. Daqo New Energy is leading the surge with an impressive 13% increase, while JinkoSolar matches Canadian Solar's performance with a 5% rise. Industry giants First Solar and Enphase Energy are also in positive territory, up 3% and 2% respectively.

While the specific catalyst for this sector-wide rally has not been identified, it could be attributed to factors such as positive industry news, favorable policy developments, or improved market sentiment towards renewable energy stocks. As global focus on clean energy solutions intensifies, investors appear to be showing increased confidence in the solar sector's growth prospects, driving up stock prices across the board.