Why Solar Energy Stocks Jumped on Tuesday

Solar energy stocks had a great day on Tuesday as the market reacted to the potential for lower interest rates in the future.

Stocks were up across the board, but Sunrun (NASDAQ: RUN) led the way, climbing as much as 19.6%; SunPower (NASDAQ: SPWR) jumped 12.9%; Enphase Energy (NASDAQ: ENPH) rose 14.4%, and SolarEdge Technologies (NASDAQ: SEDG) popped 11.4%. The stocks were up 17.7%, 14.2%, 14.1%, and 10.4%, respectively, at 12:30 p.m. ET today.

The big news was U.S. inflation, which was flat month over month and up 3.2% from a year ago, below Wall Street estimates. Excluding food and energy prices, the core consumer price index was up 0.2% from a month ago and 4% from a year ago.

Source Fool.com