Why Renewable Energy Stocks Plunged on Monday
Shares of renewable energy stocks were down big today in a fairly strange trading day. Most stocks were still down significantly in the afternoon in a broad sell-off for the industry.
ReneSola (NYSE: SOL) had one of the strangest days, falling 11% in the morning before climbing as much as 10.6% in the afternoon and closing 6% higher. SPI Energy (NASDAQ: SPI) dropped as much as 13.5% and Enphase Energy (NASDAQ: ENPH) plunged 5.3% at its low. SPI and Enphase were down 6% and 2.8%, respectively, at the end of trading.
Image source: Getty Images.
Source Fool.com
