Solar Stocks Warming Up
Sunnova rose Tuesday and brought the solar industry with it, after Goldman Sachs raised $Sunnova Energy International(NOVA.US$ to a buy rating Monday with a "65% potential upside" to its $17 price target.
$Enphase Energy(ENPH.US$, also climbed Tuesday after the firm announced it would cut 10% of its workforce and shut down manufacturing plants in Wisconsin and Romania.
$SolarEdge Technologies(SEDG.US$ fell 3.4% to $93.86 Monday after the broker cut its rating to Sell, saying "We believe a challenging backdrop in EU solar presents downside risk to consensus estimates in the near-to-medium term." Still, the entire solar sector rose Tuesday.
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Moomoo News and Community Manager
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SpyderCall : Yes, sirrrr! Solar had a recent bubble burst, and it looks like some are rebounding off of a bottom. A few of the solar stocks are still having time recovering. But the major solar ETFs are killing it!