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Why Enphase, Plug Power, and Bloom Energy Stocks Popped

·2 min read
Why Enphase, Plug Power, and Bloom Energy Stocks Popped
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As of 12:15 p.m. ET, shares of solar power play Enphase Energy (NASDAQ: ENPH) are getting a 2.6% lift from some positive sentiment on Wall Street, where investment bank Citigroup has just lowered the stock's price target by 20% -- but nevertheless valued Enphase shares at $205 apiece. Despite this being technically bad news (because of the price target cut), investors may be taking it as good news -- because if Citi is correct, there could still be 69% upside in Enphase stock. Meanwhile, fuel cell plays Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) are up 2% and 2.7%, respectively, on some good PR from the PRC.