Why Plug Power, Enphase Energy, and Bloom Energy Shares Are Soaring This Week
There's been a flurry of activity this week surrounding businesses looking to develop hydrogen as a reliable -- and green -- fuel source. And investors have been bidding up shares of several companies with that news, and as energy crises loom in several locations amid rising oil and natural gas prices. With that backdrop, shares of alternative energy companies including Plug Power (NASDAQ: PLUG), Bloom Energy (NYSE: BE), and Enphase Energy (NASDAQ: ENPH) have been soaring this week. As of early Friday, the stocks of these companies have moved as follows this week, according to data from S&P Global Market Intelligence:
As oil prices hover above $80 and natural gas remains near multi-year highs, investors are focusing more on alternative energy companies.
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Source Fool.com
