Why Clean Energy Stocks Popped Double Digits Tuesday
Shares of clean energy stocks made a strong recovery Tuesday as the market and oil prices both moved higher. Ballard Power Systems Inc (NASDAQ: BLDP) jumped 17% by the close, FuelCell Energy Inc (NASDAQ: FCEL) finished higher by 12%, and Clean Energy Fuels Corp (NASDAQ: CLNE) closed up 13% on the day.
The two macro trends early in trading were the market overall rising as investors bought back into a market that's plunged over the last few weeks. The other big factor affecting clean energy was a big jump in oil prices Tuesday.
Image source: Getty Images.
Source Fool.com
