Why QuantumScape, SolarEdge, and Sunnova Energy Plunged Today
Shares of clean energy leaders QuantumScape (NYSE: QS), SolarEdge (NASDAQ: SEDG), and Sunnova Energy (NYSE: NOVA) plunged on Tuesday, falling 4.4%, 10.5%, and 3% through Tuesday trading.
QuantumScape is an early-stage next-gen electric vehicle (EV) battery producer, SolarEdge is a rooftop solar inverter company, and Sunnova is a solar energy services company that offers long-term power production agreements (PPAs) to clients.
There are some commonalities among the three companies: Each is highly levered to the adoption of clean energy technologies, and each is losing money at the moment, and is therefore highly sensitive to long-term interest rates.
Source Fool.com
