The Nasdaq Is Plunging, But These 2 Stocks Are Positively Glowing
COVID-19 case counts have been on the rise both in the U.S. and in many areas of the world, and after having shrugged off the potential economic impact, market participants finally decided on Wednesday that they'd had enough. Market benchmarks plunged to begin the day, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was among the hardest hit of the popular indexes. As of just after 10:30 a.m. EDT, the Nasdaq was down 3%.
There's a lot of uncertainty about what the future will bring, both in the health front and with the presidential election just days away. However, one thing you can be certain about is when companies report their financial results. Today, two key stocks in the solar power industry gave their latest updates on their prospects, and shareholders in First Solar (NASDAQ: FSLR) and Enphase Energy (NASDAQ: ENPH) were pleased with what they learned.
Shares of First Solar climbed 12% on Wednesday morning, defying the market downturn. The solar giant enjoyed amazing growth during the third quarter of 2020, which was especially noteworthy in such a challenging environment for the broader economy.
Source Fool.com
