Why Renewable Energy Stocks Jumped and Dropped Today
The day started hot for renewable energy shares, with multiple stocks climbing over 10%. A big catalyst was President Trump actually signing the recently passed stimulus bill over the weekend, after he had threatened to veto it. But the excitement over the signing soon wore off.
Most notable today were shares of Blink Charging (NASDAQ: BLNK), which climbed as much as 13.4%; Plug Power (NASDAQ: PLUG), up as much as 5.4%; ReneSola (NYSE: SOL), gaining 29.3%; and Eos Energy Enterprises (NASDAQ: EOSE), up 20.4%.
Blink and Plug Power ended up giving back all of their gains and ended the day down 5.3% and 5.6%, respectively, while ReneSola (28.9%) and Eos (16.9%) closed higher.
Source Fool.com
