Why Renewable Energy Stocks Popped and Dropped on Friday
Shares of renewable energy stocks had a wild trading day on Friday as the market tried to process a number of news items. Bloom Energy (NYSE: BE) jumped 5.8% early in the day before dropping 3.8% at its low, Enphase Energy (NASDAQ: ENPH) was up 5.6% before falling 2.7% midday, and JinkoSolar (NYSE: JKS) was up 6.1% before dropping as much as 12.7%.
The volatile trading comes as shares of renewable energy stocks have had an up-and-down week. But overall, shares of the industry are rising as investors take a more positive view of it.
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Source Fool.com
