Why Array Technologies Jumped 10% Today
A new brief released by the U.S. Department of Energy outlined plans to achieve President Joe Biden's goal for a carbon pollution-free power generation sector by 2035, and Array Technologies (NASDAQ: ARRY) is one company that could greatly benefit. That helped the company's stock jump Wednesday, with shares trading up 10% as of 3:30 p.m. EDT.
The DOE brief said that with growth of 4,000%, solar has been the fastest growing renewable energy source in the nation over the last decade, but the pace of growth has to accelerate. The report said that "to reach a largely decarbonized electricity sector by 2035, solar deployment would need to accelerate to three to four times faster than its current rate by 2030."
Source Fool.com
