Solar energy stocks surged due to election speculation and recent delays in nuclear energy projects

From Nasdaq: 2024-11-04 16:05:21

Shares of solar energy stocks surged on Monday ahead of the U.S. presidential election. Sunnova Energy (NOVA) rose 15%, Array Technologies (ARRY) was up 15.4%, and Sunrun (RUN) jumped 10.7%. Election speculation played a role, but recent nuclear energy news also contributed to the gains.

Investors are eyeing solar energy stocks amidst election uncertainty. Solar stocks struggled in the past four years, but recent delays in nuclear energy plans for Meta Platforms and Amazon have sparked interest. Solar energy, along with storage solutions, could be a more viable option for tech’s energy needs.

The election outcome may not dictate stock performance, but the focus on tech’s energy requirements is critical. Solar energy could be a long-term solution for energy demands, especially with delays in nuclear energy projects. Sunnova, Array Technologies, and Sunrun could benefit from this renewable energy trend.

Considerations before investing in Sunrun include recent stock analyses. While Sunrun may not be among the 10 best stocks identified by the Motley Fool, their stock picks have historically outperformed the S&P 500. Investors are advised to follow expert guidance and consider long-term growth potential in stock selection.



Read more at Nasdaq: Why Solar Energy Stocks Skyrocketed Today