Why Solar Energy Stocks Soared on Thursday
NOVASunnova(NOVA) The Motley Fool·2024-07-12 03:42

An inflation reading is boosting solar stocks today.Solar energy stocks jumped double digits on Thursday after inflation data came in cooler than expected. The closely watched Consumer Price Index (CPI) fell 0.1% month over month in June after being flat in May. Prices were up just 3% over the past year. Inflation is a key indicator investors watch to predict what the Federal Reserve is going to do with interest rates. High inflation is what led to higher interest rates over the last two years and now that ...