Why Solar Energy Stocks Skyrocketed Today

Shares of solar energy stocks jumped across the board on Monday, which happens to be a day before the U.S. presidential election. Of course, election speculation played a role in the move, but it's also not the only reason it happened, which I'll get to.

Shares of Sunnova Energy (NYSE: NOVA) jumped as much as 15% today, Array Technologies (NASDAQ: ARRY) was up 15.4%, and (NASDAQ: RUN) popped 10.7%. The stocks were up 11.3%, 14.2%, and 8.6% respectively at 3 p.m. ET.

The final hours before the election continue to see investors position themselves for different outcomes. A tightening of the race has caused some investors to think solar energy stocks could be big winners under a Harris administration.

Source Fool.com