Why ChargePoint, SunPower, and Sunnova Energy Stocks All Popped Today
CHPTChargePoint(CHPT) The Motley Fool·2024-06-13 01:52

Lower inflation plus lower interest rates plus high short interest is making three renewable energy stocks winners ... for now. New inflation data came out Wednesday, and the news is good for stock investors, particularly for those holding highly-shorted green energy momentum stocks in particular. According to the U.S. Department of Labor, the Consumer Price Index was unchanged between April and May, which cooled down the annual inflation rate to 3.3%, a reduction of 10 basis points. That means inflation is ...