Why Bloom Energy and Pivotal Investment Stocks Popped, but Plug Power Dropped Today
For a no-news day for alternative energy stocks, there sure is a lot of price movement in shares of hydrogen fuel cell stocks Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) today. For that matter, alt-energy newcomer and SPAC stock Pivotal Investment Corporation (NYSE: PIC) is making a pretty big move as well -- but there doesn't seem to be a lot of agreement regarding the directions these prices are moving.
As of 12:25 p.m. EDT, shares of Bloom are up 2.9%, but Plug Power, its archrival in the burgeoning field of hydrogen gas production, is down 4.7%. And Pivotal, the latest company aiming to bring an alt-energy company public through a reverse merger IPO, is surging a strong 10%.
Let's see if we can make any sense of this mess.
Source Fool.com
