Why Alternative Energy Stocks Gave Up Their Gains Today

Why Alternative Energy Stocks Gave Up Their Gains Today
Rich Smith, The Motley Fool

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.