Why Renewable Energy Stocks Plunged Today

Growth stocks and renewable energy stocks had a rough day on Thursday as the market weighed the impact of higher interest rates in 2022. The sell-off was broad, and some of the biggest names in renewables dropped double digits. 

Enphase Energy's (NASDAQ: ENPH) shares closed the day down 12.3%, Bloom Energy (NYSE: BE) dropped 11.6%, Maxeon Solar Technologies (NASDAQ: MAXN) fell 9.6%, and Daqo New Energy (NYSE: DQ) fell 8.5%. Each stock was down over 12% at one point in trading today. 

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Source Fool.com