Why Solar Energy Stocks Are on Fire This Week
Not only does it look like oil and natural gas prices will remain high for the foreseeable future -- potentially driving homeowners to consider solar -- interest rates are dropping, which should lead to higher margins for solar installers. SunPower (NASDAQ: SPWR) was up 14.7% in the first four days of trading this week, Sunrun (NASDAQ: RUN) rose 14.3%, SolarEdge Technologies (NASDAQ: SEDG) jumped 16.7%, and Sunnova Energy (NYSE: NOVA) was up 13.4% to round out residential solar stocks. In the past week, there's been an increasing flow of news about higher oil and natural gas prices in the U.S., which look like they're going to last a while.
