Solar stocks rise as clean energy names make a comeback (NASDAQ:ENPH)

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Enphase Energy (ENPH) +9.8%) and SolarEdge Technologies (SEDG +9.1%) include two of the top five winners on the S&P 500, while the rise in oil prices resulting from the Russian-Ukrainian conflict and the US ban on Russian oil and gas imports continue to draw attention to alternative energies.

Solar companies rack up big wins across the board: SOL +24.6%MAXN +22.6%SPWR +20.3%SUN +15.3%NEW +15%CSIQ +13.1%AZE +12.5%ARRY +11.1%CLASSES +10.9%DQ +7.5%JKS +6.8%FSLR +6.1%.

Among other alternative energy names, FuelCell Energy (FCEL +7.2%) and Bloom Energy (BE +12.5%) has been jumping to the top since the start of the year, while Gevo (GEVO +20.5%), Power socket (PLUG +8.9%) and Ballard Power (BLDP +12.9%) are also posting strong gains.

ETFs: TAN, FAN, ICLN, QCLN, PBW, PBD, ACES, CNRG, SMOG, ERTH

Renewables will receive even more attention than before“, Raymond James analyst Pavel Molchanov told Bloomberg. “It took the shock of the current war to finally bring the issue of energy security to the fore. Energy security and energy transition both go in the same direction, mutually reinforcing the move away from fossil fuels.”

Solar‘s shares were weighed last week after First Solar warned that supply chain issues and rising costs will hurt profits this year.

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