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Stock impact report

Why Renewable Energy Stocks Soared This Week [Yahoo! Finance]

Bloom Energy Corporation Class A (BE) 
Last bloom energy corporation class a earnings: 11/7 04:26 pm Check Earnings Report
Company Research Source: Yahoo! Finance
While the bounce was good for investors, it wasn't driven by earnings or fundamental changes in supply and demand, but rather speculation that we're finally hitting bottom in the industry. According to data provided by S&P Global Market Intelligence , shares of Bloom Energy (NYSE: BE) jumped as much as 14.9%, Sunrun (NASDAQ: RUN) was up 19.7%, and JinkoSolar (NYSE: JKS) popped 12.5%. Shares of the three stocks closed the short trading week up 13.9%, 16.1%, and 12.3%, respectively. The Fed strikes again Interest rates have been a huge focus for renewable energy companies because projects are often financed over multiple decades. When rates rise, it makes projects less economical, so the last couple of years of rising rates have hit the industry hard. That's why investors were excited to hear Fed Chair Jerome Powell say that inflation was "along the lines" of what the Fed expected, indicating short-term rate cuts could be coming in the next few months. The Fed doesn't control lo Show less Read more
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