Why Solar Energy Stocks Can Beat the Market Again in 2021
Solar energy stocks have had a great year in 2020, despite a global pandemic that slowed sales and installations mid-year. Shares of SunPower (NASDAQ: SPWR), Sunrun (NASDAQ: RUN), Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and Canadian Solar (NASDAQ: CSIQ) are just a few of the stocks that have more than doubled this year.
What's amazing about where the industry sits today is that 2020 wasn't all that good for solar operations. The pandemic made sales and installations more difficult, and very few companies are actually going to grow this year. But there are reasons to think operations will pick up quickly in 2021, and that could keep solar energy stocks rolling in the new year.
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Source Fool.com
