Why Shares of Enphase Energy, Bloom Energy, and SolarEdge All Jumped on Monday
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Why Shares of Enphase Energy, Bloom Energy, and SolarEdge All Jumped on Monday
What happened
Shares of renewable-energy stocks had a great start to the week, with a few popping double digits in trading on Monday. Enphase Energy (NASDAQ: ENPH) was up as much as 8.3%, Bloom Energy (NYSE: BE) rose up to 11.1%, and SolarEdge (NASDAQ: SEDG) increased 8.7% late in the day. Shares of the three stocks were up 6.1%, 11.4%, and 8.6% respectively at the market’s close.
Load Error
To put these moves into perspective, the S&P 500 and Dow Jones Industrial Average were up 1.6% and 1.5% respectively and the Nasdaq was up 1.9% today. The fact that oil is up 0.8% is a bit of a boost for renewable energy stocks as well.
So what
The big news today is that Congress and the White House are set to