Why Solar Energy Stocks Dropped on Monday
Shares of solar energy stocks cratered in trading on Monday as investors sold off growth, technology, and high-performing stocks. It may seem like the solar industry would be a safe place with oil prices on the rise and economic activity picking up, but that's not the case right now.
JinkoSolar Holding (NYSE: JKS) fell as much as 11.2%, Sunrun (NASDAQ: RUN) dropped 10.7%, and SunPower (NASDAQ: SPWR) was down 11.6% at its low. At 2:55 p.m. EDT shares were down 10.7%, 10%, and 10.9% respectively.
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Source Fool.com
