Why Renewable Energy Stocks Got Crushed Today
Shares of renewable energy stocks were crushed in trading on Monday as fears over rising interest rates hit the market. Losses were widespread, but the biggest names in renewable energy were hit hard.
Shares of SunPower (NASDAQ: SPWR) dropped as much as 11.7% and are down 10.2% at 2:05 p.m. EST. Enphase Energy (NASDAQ: ENPH) dropped as much as 11.2% and is now down 9.4%. Sunworks (NASDAQ: SUNW) had fallen 15% and is currently off 13.9%. Finally, Bloom Energy (NYSE: BE) dropped 8.7% midday and is now down 7.2%.
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Source Fool.com
