Skip to main content

Market Overview

Here's Why Rocket Companies Shares Blasted Off On Monday

Share:

Rocket Companies, Inc. (NYSE: RKT) shares were trading higher Monday after the company announced it's entering the solar panel industry, focusing on installation and financing.

Rocket Companies said there have been more than 2 million solar installations in the U.S. as of 2020, according to a Solar Energy Industries Assocation and Mackenzie study. 

Rocket Companies CEO Jay Farner said in a press release the company 'is uniquely positioned to build trust and education in solar energy, simplifying the entire process through our platform.'

The company says its Rocket Cloud Force will serve as advisors for the solar industry and will help clients determine if solar panels are the best choice for a customer's home.

Rocket Companies shares were trading up around 4.8% at $18.17 per share on Monday. The stock has a 52-week high of $43 and a 52-week low of $16.22.

 

Related Articles (RKT)

View Comments and Join the Discussion!

Posted-In: why it's movingNews Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com