Why Enphase Energy, Livent Corporation, and Plug Power Stocks All Popped Today
A broad-based stock rally, fueled by positive coronavirus news (a new steroidal treatment) and renewed promises that President Donald Trump will deliver on his four-year-old pledge to spend $1 trillion on infrastructure, is lifting stocks of all stripes today. The S&P 500 is up a respectable 2%, and individual companies within the renewable energy sector are doing even better.
In 2 p.m. trading, we're seeing shares of solar microinverter-maker Enphase Energy (NASDAQ: ENPH) up 7.6%, and Livent Corporation (NYSE: LTHM), which mines lithium used in the rechargeable batteries that store solar power, up an even more impressive 10.5%. Elsewhere in the sector, fuel cell pioneer Plug Power (NASDAQ: PLUG) is enjoying a solid 6.4% gain.
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Source Fool.com
