Why Renewable Energy Stocks Plunged and Then Recovered on Tuesday

Why Renewable Energy Stocks Plunged and Then Recovered on Tuesday

Shares of renewable energy stocks had a volatile day on Tuesday as the market crashed, but some good news came out of the industry. The most notable moves included Enphase Energy (NASDAQ: ENPH) falling 9% early in the day before recovering and trading flat at 12:15 p.m. EDT. Fuel cell companies Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) also fell 8.4% and 5.5%, respectively, before recovering.