Why the Infrastructure Bill Has These 3 Stocks Soaring Today
U.S. House of Representatives Speaker Nancy Pelosi has set Thursday as the date for a House vote on the $1 trillion bipartisan infrastructure bill. She has expressed confidence in it passing, and three alternative energy stocks are soaring today as a result. As of 2 p.m. EDT, XL Fleet (NYSE: XL), Hyliion Holdings (NYSE: HYLN), and Clean Energy Fuels (NASDAQ: CLNE) were moving as follows:
The proposed infrastructure bill has several areas geared toward advancing and accelerating growth in the electric vehicle sector as well as other alternative energy solutions. That support could boost growth plans for companies like XL Fleet, Hyliion, and Clean Energy Fuels.
Image source: Hyliion.
Source Fool.com
