Solar Stocks Are Lighting Up the Hot Corner

Solar stocks are lighting up our Hot Corner universe again.

This time, Form 4 purchases are stealing the spotlight:

• Sunnova Energy International $NOVA director Mohamed Akbar just dropped $389,728 on his own stock.
• Array Technologies’ $ARRY CEO stepped up too, buying 14,430 shares.

When these executives start putting their skin in the game, and it comes in clusters, it's worth taking notice.

Even though solar stocks have been among the most hated in the entire market, they might be close to a turning point…

Here’s ARRY consolidating at a shelf of former lows:

There isn’t a more logical place for ARRY to dig in and rebound, than at the current support level. 

Here’s The Hot Corner, with data from November 19, 2024:

A big move from today’s list comes from Paul J. Fribourg, director at Estee Lauder Companies $EL, who made an additional purchase of $9 million, according to his latest Form 4.

The CEOs of ZoomInfo Technologies $ZI, Bruker Corporation $BRKR and Digital Turbine $APPS, all filed Form 4s revealing purchases of their own stock.