Why Lithium Americas and Uranium Energy Stocks Popped Today, But Bloom Energy Stock Dropped

Alternative energy stocks got a boost last week when Congress approved a second stimulus bill to boost the economy that contained large sums of money that would be invested in renewable energy. That rally was soon imperiled, however, when President Donald Trump stepped in to demand that the stimulus bill include $2,000 checks for every American -- and threatened to veto the bill.  

Now, things look to be back on track.

On Sunday, the president signed the $900 billion pandemic relief bill into law. At least some of the alternative energy stocks likely to benefit from the $35 billion earmarked in that bill for renewable energy projects are booming today, with shares of lithium miner Lithium Americas (NYSE: LAC) rising 8.7% as of 12:05 p.m. EST, and uranium miner Uranium Energy (NYSEMKT: UEC) up 10.4%. At the same time, however, fuel cell manufacturer Bloom Energy (NYSE: BE) is down 5.5%.  

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Source Fool.com