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VSLR - Solar Stocks Get Crushed As Interest Rates Find A Short-Term Bottom
Vivint Solar Inc.
As I wrote last month, solar stocks have been on a tear. (HERE) Since early April project developers like Vivint (VSLR) and SunPower (SPWR) are up 50% and 100% respectively. Producers of solar inverters, such as Enphase (ENPH) and SolarEdge (SEDG), have performed even better.
The moves in these names really got going in the spring and that momentum carried through into the summer. But in September, the momentum has slowed abruptly. High-flying names like Enphase and SolarEdge have made abrupt corrections.