Why Renewable Energy Stocks Popped in June
Shares of renewable energy stocks rose sharply in June, recovering from a rough few months of 2021. SunPower (NASDAQ: SPWR) jumped 24.9%, according to data provided by S&P Global Market Intelligence, as investors piled back into the solar industry. This continues a sharp recovery for SunPower over the past year, which traded as low as $5.19 in the last year and closed trading on July 2 at $28.81 per share.
Shares of First Solar (NASDAQ: FSLR) rose 18.9% as the company announced a $680 million investment in 3.3 gigawatts of U.S. manufacturing capacity. And fuel-cell producer Bloom Energy (NYSE: BE) rode the wave, gaining 11.2% in June.
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Source Fool.com
