"CPI Report Sends Renewable Energy Stocks Tumbling"

Renewable energy stocks dropped after the CPI report showed higher-than-expected inflation, leading to concerns about potential interest rate hikes by the Federal Reserve. Companies like NextEra Energy, SunPower, Plug Power, and ChargePoint saw significant stock declines due to the impact of higher interest rates on long-term cash flows from renewable energy projects. The market's reaction reflects uncertainty about the pace of future interest rate cuts and has reversed a recent recovery in the sector, although long-term demand prospects remain positive.