Why Solar Energy Stocks Jumped on Tuesday

Shares of solar energy stocks had another great day on Tuesday, climbing on the back of a rising market and some good news for the industry. SunPower (NASDAQ: SPWR) was up as much as 18.2%, JinkoSolar Holding (NYSE: JKS) was up 9.9%, and Enphase Energy (NASDAQ: ENPH) jumped 7%, while developer Brookfield Renewable Partners (NYSE: BEP) rose 5% at its peak. The first company-specific news was about SunPower, which had its price target raised from $22 to $35 per share by Piper Sandler analyst Kashy Harrison.