Why Solar Stocks Like Sunrun and Sunnova Energy Were Glowing Today
A very bullish new analyst take on solar stocks drove the prices of several industry names notably higher on Monday. On the back of that report, mentioned titles (NASDAQ: RUN) and SunPower (NASDAQ: SPWR) both rose at double-digit rates. The former closed the day 12% higher, while the latter increased at a nearly 11% clip. Sunnova Energy International (NYSE: NOVA) didn't fly as high, but still managed a healthy 9% gain.
With those performances, all three trounced the 0.4% bump of the S 500 index.
The prognosticator publishing the report was Andrew Percoco of ever-influential investment bank Morgan Stanley. Percoco covered several top American solar stocks in his analysis, and among that grouping, his two preferred titles were Sunrun and Altus Power.
Source Fool.com
