Why Alternative Energy Stocks Plunged This Morning [The Motley Fool]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: The Motley Fool
Rich Smith (TMFDitty) Author Bio Follow @@RichSmithFool What happened It's looking like it's going to be another rocky day for alternative energy stocks In trading circa :0 p.m. EDT today, shares of thin-film solar specialist First Solar NASDAQ:FSLR Plug Power NASDAQ:PLUG SunPower NASDAQ:SPWR "Can I interest you in a solar stock on sale?" Image source: Getty Images. So what On the bright side, though, SunPower was down more than 0% in trading earlier today, so its loss could have been greater. (On a day like today, we may have to take any good news where we find it.) So what caused all this carnage? Oil futures markets dropped sharply Now what So how much longer will these stocks remain down? I suppose one logical answer would be "So long as oil prices fall, so will the stock prices of the companies that compete with oil To me, however, that answer seems a bit too pat. The U.S. economy is being stressed by the novel coronavirus outbreak presently, which seems like it will be bad news
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