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MARKETS LIVE BLOG:

STOCK FUTURES CLIMB AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Why Plug Power and Bloom Energy Stocks Jumped Today

Howard Smith, The Motley Fool
·2 min read
Why Plug Power and Bloom Energy Stocks Jumped Today

Shares of clean-fuel technology companies Plug Power (NASDAQ: PLUG) and Bloom Energy (NYSE: BE) jumped on Monday as the focus of investors shifts from pandemic-related relief to a potential infrastructure-spending stimulus package. Shares of Plug Power and Bloom Energy were up 6.9% and 6.1%, respectively, at 2:50 p.m. EST today. If the Biden administration proposes an infrastructure bill, comments about a pivot toward clean energy that were made during the election campaign have investors in the renewable energy sector believing there will be benefits for companies like Plug Power and Bloom Energy.

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