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Why Did Plug Power, Enphase, and SunPower Stocks Pop?

·2 min read
Why Did Plug Power, Enphase, and SunPower Stocks Pop?

Investors in renewable energy companies such as Plug Power (NASDAQ: PLUG), Enphase Energy (NASDAQ: ENPH), and SunPower (NASDAQ: SPWR) are cheering today, as shares of the stocks have risen 2.6%, 4.2%, and 7.6%, respectively, as of 2:20 p.m. EDT Tuesday. This is rather strange, however, because the news today sounds mostly bad for investors in renewable energy stocks.