Why Plug Power, Enphase Energy, and Bloom Energy Stocks Dropped Today

Why Plug Power, Enphase Energy, and Bloom Energy Stocks Dropped Today
Howard Smith, The Motley Fool
·3 min read

Stock investors have been rotating out of high-flying technology stocks recently, anticipating a recovery in other businesses that were hardest hit by pandemic restrictions. Alternative energy names continue to be sold today, including Plug Power (NASDAQ: PLUG), Enphase Energy (NASDAQ: ENPH), and Bloom Energy (NYSE: BE). As of noon EST Friday, shares of Plug Power were down 12.1%, and Enphase and Bloom Energy were down 11.1% and 10%, respectively.