Why Plug Power and Bloom Energy Stocks Jumped Today
Shares of clean-fuel technology companies Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) jumped on Monday as the focus of investors shifts from pandemic-related relief to a potential infrastructure-spending stimulus package.
Shares of Plug Power and Bloom Energy were up 6.9% and 6.1%, respectively, at 2:50 p.m. EST today.
If the Biden administration proposes an infrastructure bill, comments about a pivot toward clean energy that were made during the election campaign have investors in the renewable energy sector believing there will be benefits for companies like Plug Power and Bloom Energy.
Source Fool.com
