Why Alternative Energy Stocks Roared Back Today
Oil prices roared back on Thursday, recovering from Wednesday's historic plunge to millennium-low prices. That's good news for oil stocks, of course. But it turns out it's also pretty great news for companies offering alternatives to oil.
As of 10:50 a.m. EDT, shares of Bloom Energy (NYSE: BE) have climbed 4.7% while Plug Power (NASDAQ: PLUG) is up 6.5%. Solar installer Vivint Solar (NYSE: VSLR) has risen 7.3%, FuelCell Energy (NASDAQ: FCEL) is notching an 8.1% gain, and Clean Energy Fuels (NASDAQ: CLNE) is cleaning up -- selling for 13.2% more than yesterday's close.
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Source Fool.com
