Why Plug Power, Bloom Energy, and FuelCell Energy Stock All Soared Monday Morning
Stocks are soaring again in Monday trading, with the tech-heavy Nasdaq climbing the better part of a full percentage point as of 11:20 a.m. EST. And we have a new coronavirus vaccine to thank for it.
Last Monday, news that Pfizer and BioNTech have a coronavirus vaccine candidate with 90% proven effectiveness unleashed a tidal wave of enthusiasm on the markets. Investors bet on an early end to the pandemic, driving share prices higher. Today, it's "second verse, same as the first," as Moderna (NASDAQ: MRNA) announces that its mRNA-1273 coronavirus vaccine is 94.5% effective at preventing infection with the novel coronavirus.
This good news is having a salutary effect:
Source Fool.com
