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Why Enphase Energy, JinkoSolar, and Daqo New Energy Stocks All Popped

·2 min read
Why Enphase Energy, JinkoSolar, and Daqo New Energy Stocks All Popped

Shares of solar power inverter-maker Enphase Energy (NASDAQ: ENPH), solar module manufacturer JinkoSolar (NYSE: JKS), and polysilicon producer Daqo New Energy (NYSE: DQ) all popped today -- to varying degrees and on various news items affecting the solar industry. In 2:10 p.m. EDT trading, Enphase shares are up 4%, Jinko is up 6.8%, and Daqo is doing best of all, enjoying a 16.6% bump in stock price. Enphase Energy, for example, is responding to a pre-earnings hike in the price target from stock analysts at J.P. Morgan.