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Why Enphase, SolarEdge, and Lucid Stocks Rallied Today

TheMotleyFool 
0 0 14.12.23
Why Enphase, SolarEdge, and Lucid Stocks Rallied TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png
 

Solar and electric-vehicle (EV) stocks Enphase Energy (NASDAQ: ENPH), SolarEdge Technologies (NASDAQ: SEDG), and Lucid Group (NASDAQ: LCID) were rallying big on Thursday, rising 13.2%, 16.2%, and 13.9%, respectively, as of 12:10 p.m. ET.

Solar and EV stocks are generally rallying in a catch-up trade following yesterday's Federal Reserve meeting and press conference with Chairman Jay Powell. In the aftermath, many rate-sensitive stocks, including renewables and EVs, continue to benefit, as the meeting spurred increased confidence in lower inflation, lower interest rates, and a higher probability of an economic soft landing in the year ahead.

The past 18 months have shown just how sensitive most renewable energy stocks are to interest rates.

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Source Fool.com

Solar A/S B Stock

€28.20
-1.060%
We can see a decrease in the price for Solar A/S B. Compared to yesterday it has lost -€0.300 (-1.060%).

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