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Why Solar Energy Stocks Plunged This Week
NOVASunnova(NOVA) The Motley Fool·2024-02-23 21:56

There wasn't much good news for the solar industry this week, as earnings season brought bad report after bad report. Residential solar companies are suffering most because of policy changes in Europe and California, just as higher interest rates were making it harder to economically build solar projects.The three most impacted companies this week were Sunrun (RUN -6.89%) which fell 27% for the week; SolarEdge Technologies (SEDG -3.69%), dropping 21.4%; and Sunnova Energy (NOVA -13.19%), which was off 32.7% ...