Can the Blue Wave Save Renewable Energy Stocks?

Jeff Santoro and Jason Hall break down why Enphase Energy (ENPH -1.74%), First Solar (FSLR +2.75%), and SolarEdge (SEDG +5.00%) surged and then fell after the election results. Jason makes the case for Brookfield Renewable (BEP +1.63%) (NYSE:BEPC) as the best renewable stock to buy right now.

Jason Hall has positions in Brookfield Renewable Partners, Enphase Energy, First Solar, and SolarEdge Technologies and has the following options: long January 2028 $35 calls on Enphase Energy, short January 2028 $40 puts on Enphase Energy, and short November 2026 $35 puts on SolarEdge Technologies. Jeff Santoro has positions in Enphase Energy and is short shares of Enphase Energy. The Motley Fool has positions in and recommends First Solar. The Motley Fool recommends Brookfield Renewable Partners and Enphase Energy. The Motley Fool has a disclosure policy.

Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.