Why Enphase Energy, Westport Fuel Systems, and Blink Charging Stocks Were Hopping on Monday
It's Monday, and stock markets appear to be in a good mood again. The S&P 500 was up nearly a full percentage point at 12:50 p.m. EST, and the tech-heavy Nasdaq was up about half a point. Alternative-energy stocks are doing particularly well, with shares of Enphase Energy (NASDAQ: ENPH) up 4.3%, Westport Fuel Systems (NASDAQ: WPRT) 11.4%, and Blink Charging (NASDAQ: BLNK) an eye-popping 12.9%.
The reason is today's coronavirus news: Moderna (NASDAQ: MRNA) announced that its mRNA-1273 coronavirus vaccine is 94.5% effective at preventing infection. In part, the three stocks were also helped by energy markets' response to that news: WTI crude oil prices rose 3%, and Brent crude is doing nearly as well with a 2.8% price gain.
But these three stocks are moving to their own specific news, too.
Source Fool.com
