Why Renewable Energy Stocks Soared This Week
BEBloom Energy(BE) The Motley Fool·2024-03-30 03:42

Renewable energy stocks bounced back this week after getting some potentially positive news about interest rates and the energy market. While the bounce was good for investors, it wasn't driven by earnings or fundamental changes in supply and demand, but rather speculation that we're finally hitting bottom in the industry. According to data provided by S&P Global Market Intelligence, shares of Bloom Energy (BE 1.90%) jumped as much as 14.9%, Sunrun (RUN 0.61%) was up 19.7%, and JinkoSolar (JKS 1.82%) popped ...