Why Alternative Energy Stocks Are Flaming Out
Clean Energy Fuels (NASDAQ: CLNE), First Solar (NASDAQ: FSLR), Plug Power (NASDAQ: PLUG), Ballard Power (NASDAQ: BLDP), and Vivint Solar (NYSE: VSLR).
Together, these five stocks make up a good chunk of the green economy, pioneering the use of clean natural gas, solar power, and novel fuel cell technologies that promise to unshackle the world from its dependence on oil, make distributed generation of power more feasible, and help put an end to global warming.
That is, they might do all of these things if their stocks don't all plummet to zero -- which kind of feels like the direction they're heading on a day like today. As of 2:20 p.m. EDT, shares of First Solar are down 10.8%, Ballard Power 12%, Plug Power 16.2%, Clean Energy 16.7%, and Vivint Solar a staggering 18.8%.
Source Fool.com
