Why Solar Energy Stocks Are Up Big Today
Shares of solar energy stocks jumped higher across the board today on some fairly bullish earnings news from the industry. It hasn't hurt that interest rates are also falling around the world, which tends to make solar energy projects more economically attractive to developers.
SolarEdge Technologies (NASDAQ: SEDG) was one of the leaders today, rising as much as 14%. JinkoSolar (NYSE: JKS) was up 11.1%, and Daqo New Energy (NYSE: DQ) jumped as much as 11.8%. The stocks were up 10.8%, 9.8%, and 9.5%, respectively, at 1:45 p.m. EDT.
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Source Fool.com
