Why Plug Power and Clean Energy Stocks Just Popped, But Bloom Energy Dropped
It's another up-and-down day in the alternative energy sector today, with shares of Clean Energy Fuels (NASDAQ: CLNE) and Plug Power (NASDAQ: PLUG) notching strong early gains of 9.5% and 10.2%, while Plug rival Bloom Energy (NYSE: BE) took a bit of a nosedive, falling 4.3% through 1:45 p.m. EDT. Last night after close of trading on the Nasdaq, natural gas fuel provider Clean Energy Fuels reported earnings largely in line with analyst expectations. Clean Energy CEO Andrew Littlefair noted that the results actually surprised Clean Energy itself, coming in "better than expected given the COVID-19 circumstances."
