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Why Bloom Energy and Pivotal Investment Stocks Popped, but Plug Power Dropped Today

Why Bloom Energy and Pivotal Investment Stocks Popped, but Plug Power Dropped Today

For a no-news day for alternative energy stocks, there sure is a lot of price movement in shares of hydrogen fuel cell stocks Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) today. For that matter, alt-energy newcomer and SPAC stock Pivotal Investment Corporation (NYSE: PIC) is making a pretty big move as well -- but there doesn't seem to be a lot of agreement regarding the directions these prices are moving. As of 12:25 p.m. EDT, shares of Bloom are up 2.9%, but Plug Power, its archrival in the burgeoning field of hydrogen gas production, is down 4.7%.