Why Green Energy Stocks Surged Friday

On Friday, Feb. 19, 2021, the United States officially rejoined the Paris Agreement -- and the 196 other nations that have also endorsed it.

Under the terms of the Paris Agreement, the world's nations have almost unanimously agreed to work toward limiting global temperature increases to no more than 2 degrees Celsius above preindustrial levels, and to eventually try to roll back this increase to 1.5 degrees, including by cutting emissions of greenhouse gases.

Shares of companies that may offer solutions to assist with this, including Uranium Energy (NYSEMKT: UEC), Ur-Energy (NYSEMKT: URG), Ballard Power (NASDAQ: BLDP), ReneSola (NYSE: SOL), Westport Fuel Systems (NASDAQ: WPRT), and Clean Energy Fuels (NASDAQ: CLNE) are up today, with gains ranging from as little as 5.7% (Ur-Energy) to as much as 12.5% (Uranium Energy) as of 3:30 p.m. EST.