Why Renewable Energy Stocks Plunged on Wednesday

The stock market is having a rough start to 2024, and that's causing the renewable energy industry to give back a lot of what was gained late in 2023. Today, stocks dropped because the Federal Reserve's meeting minutes from December were released and weren't as rosy as the market thought. Shares of renewable energy asset owner NextEra Energy Partners (NEP -2.85%) fell as much as 5%, SunPower (SPWR -7.79%) fell 11.5%, and Maxeon Solar Technologies (MAXN -5.59%) dropped 10.1%. At the market close, shares were ...