SEDG - Hot Stocks: ENPH drives solar rally; CCJ rises on earnings; TCS plunges; XPEV rallies
Solar stocks represented a hot sector in Wednesday's midday action, bolstered by stellar results and guidance from Enphase (NASDAQ:ENPH). SolarEdge Technologies (NASDAQ:SEDG) and Sunrun (NASDAQ:RUN) both climbed as well. Solar wasn't the only alternative energy source represented among the list of intraday winners. Electric vehicle and uranium players also saw buying action. In the EV space, China's XPeng (NYSE:XPEV) got a boost from details surrounding its dual listing in Hong Kong. Meanwhile, uranium producer Cameco (NYSE:CCJ) posted a double-digit percentage gain on earnings news. Looking at one of the day's standout decliners, quarterly results put pressure on The Container Store (NYSE:TCS). The company beat expectations with its latest financial figures, but investors focused on signs that inflation is taking its toll on the firm's operations. Gainers Better-than-expected earnings sparked a massive buying spree in Enphase (ENPH), which climbed nearly 12% in midday trading. The company beat expectations with its Q4
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Hot Stocks: ENPH drives solar rally; CCJ rises on earnings; TCS plunges; XPEV rallies