Why Plug Power and Bloom Energy Stock Dipped Today, but Electrameccanica Vehicles Surged

Why Plug Power and Bloom Energy Stock Dipped Today, but Electrameccanica Vehicles Surged

The new year is off to a confusing start for renewable energy investors, with shares of fuel cell stocks Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) both tumbling -- down 3.4% and 4.7%, respectively, at 11:55 a.m. EST on Monday -- while electric car company Electrameccanica Vehicles (NASDAQ: SOLO) revved up for a 7.3% gain. Over the course of the past 12 trading months, Plug shares led the pack with a 787% gain, while Bloom shares soared 255%. Electrameccanica lagged behind and was up "only" 183%.