Solar Firms Jump as U.S. and U.K. Move to Ban Russia Oil Imports
- Maxeon Solar, SunPower and Sunnova jump in New York trading
- Shock of war has brought energy security to forefront: analyst
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Solar and other renewable stocks surged, driven higher by rising energy prices as the U.S. and U.K. move to ban oil imports from Russia in response to its attack on Ukraine.
Manufacturer Maxeon Solar Technologies Ltd. rose as much as 23% Tuesday in New York, its biggest intraday increase, while SunPower Corp. was up as much as 22%, the most since January. Sunnova Energy International Inc. jumped as much as 17%.