Why Alternative Energy Stocks Gave Up Their Gains Today

Rich Smith, The Motley Fool
·2-min read
Why Alternative Energy Stocks Gave Up Their Gains Today

After soaring in Tuesday trading, shares of hydrogen fuel cell stocks Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) are coming back down on Wednesday -- falling 5% and 2.3%, respectively through 10:20 a.m. EST. Similarly, Chinese electric-car maker Kandi Technologies (NASDAQ: KNDI) is suffering an 8.4% sell-off. Casting about for a reason that alternative energy stocks are going down today, our friends at StreetInsider.com this morning essentially shrugged their shoulders and said it could be profit taking.