Why Bloom Energy, Enphase Energy, and SunPower Stocks Are Rocking Today
It's Friday, and alternative energy stocks are red hot (for some reason). At 12:15 p.m. EDT, shares of electricity-in-a-box fuel cell company Bloom Energy (NYSE: BE) are up 5.7% (after scoring 9% gains this morning). Enphase Energy (NASDAQ: ENPH), which makes microinverters for the solar power industry and was up nearly as much as Bloom earlier today, is now up 4.1%. Best of all is solar power system producer SunPower (NASDAQ: SPWR), still holding onto a 6.5% gain after topping 11% earlier in the day.
Why are these stocks soaring? In the case of Enphase, it's most logical to assume the stock is still coasting on the bullish news of four separate analysts lining up to endorse the stock yesterday, after Enphase was rocked by a negative short report Wednesday. As regards Bloom and SunPower, however, the rise of these stocks today is something of a mystery.
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Source Fool.com
