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Why Solar Energy Stocks Popped Today

Why Solar Energy Stocks Popped Today

Shares of Enphase Energy (NASDAQ: ENPH) rose 5.7%, while SolarEdge Technologies (NASDAQ: SEDG) gained 3.1% in the wake of their thumbs-up from Wall Street. Peer solar companies ReneSola (NYSE: SOL) and Sunworks (NASDAQ: SUNW) saw their shares rise as well, and they ended the session up 5.2% and 2.8%, respectively. Analysts at Tudor Pickering provided fuel to solar stocks today by initiating coverage on Enphase Energy and SolarEdge.