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Why Solar Stocks Fell Sharply on Monday
SEDGSolarEdge(SEDG) Investopedia·2024-07-15 21:17

Key Takeaways Downbeat news from SolarEdge (SEDG) weighed on solar-energy shares Monday, with stocks falling across the sector. Enphase Energy (ENPH) dropped more than 5%, while SunRun (RUN) tumbled 9%. The Invesco Solar Exchange-Traded Fund (TAN) fell nearly 6%. The pullback in solar shares came as the S&P 500's energy sector rose, lifted by shares of oil companies such as Chevron (CVX) and ExxonMobil (XOM). tips@investopedia.com Stocks fell broadly across the solar-energy sector Monday, weighed down by a ...