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

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.