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

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.