VSLR - Why Solar Stocks Are Sinking Today
Stock markets saw a bit of optimism last week, with the S&P 500 putting together a modest three-day rally. But after Tuesday's downturn, and today's even deeper downturn, it appears we'll have no such luck this week.
Certainly not for solar stocks. Tuesday, shares of solar panel maker SunPower (NASDAQ: SPWR) and solar installer Vivint Solar (NYSE: VSLR) suffered share price declines, while solar thin-film specialist First Solar (NASDAQ: FSLR) fell flat. Today, all three stocks are down sharply, with SunPower falling 5.9% as of 12:55 p.m. EDT, First Solar down 7.2%, and Vivint off 9.2%.
An aerial view of a solar farm. Image source: Getty Images.