Solar Stocks Had Their Best Rally Against Oil in 4 Years: Is the Clean Energy Trade Back?
Solar ETF TAN beat oil explorers fund XOP by nearly 13% Wednesday, its best day since 2022, as Democrats won Congress and crude sank on Iran bets.
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Solar ETF TAN beat oil explorers fund XOP by nearly 13% Wednesday, its best day since 2022, as Democrats won Congress and crude sank on Iran bets.
Shares of Enphase Energy and other major renewable energy companies saw significant gains in premarket trading following reports that the Democratic Party secured control of the US Congress.
First Solar jumped 9% after Democrats swept Congress, while Trump’s tariffs are already helping its competitive position.
An insider at Enphase Energy, Inc. acquired company shares valued at $267,514, as disclosed in a recent SEC filing.
Enphase Energy has entered into a tax credit transfer agreement to sell up to $100 million in 45X manufacturing tax credits for approximately $92 million.
Enphase Energy received multiple analyst downgrades following a third-quarter earnings miss and a weaker-than-expected fourth-quarter outlook.