Why Solar Stocks Jumped Double Digits in August
Shares of solar stocks had a great month in August. According to data provided by S&P Global Market Intelligence, shares of Canadian Solar (NASDAQ: CSIQ) were up 46.7%, Sunrun (NASDAQ: RUN) was up 54.1%, First Solar (NASDAQ: FSLR) rose 28.6%, and SolarEdge Technologies (NASDAQ: SEDG) increased 26.3%.
This was the case of the tide lifting all solar stocks, but there was some good reason for the move. Quarterly results were better than expected and solar companies may not have as bad a year as some had feared.
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Source Fool.com
