FCEL - Biden's climate change steps lift renewables again
Alternative energy plays scored another big day of rallies following Pres. Biden latest aggressive ramp-up of his climate agenda, including plans for an indefinite halt on new oil and gas leasing on federal territory and replacing the federal government's auto fleet with electric vehicles.Hot gainers included [[FCEL]] +19.9%, [[PLUG]] +11.3%, [[BE]] +7.8%, [[BLDP]] +5.4%, [[WPRT]] +5.2%.Electric vehicle plays Workhorse (WKHS) and Blink Charging (BLNK) surged more than 30%, while Nikola (NKLA), Lordstown Motors (RIDE) and Westwater Resources (WWR) notched double-digit percentage gains.Motor oil recycler Vertex Energy (VRTX) surged to five-year highs, +46%.Meanwhile, some - but not all - solar shares finished higher, such as [[SPWR]] +13.9%, [[SOL]] +7.1% and [[JKS]] +2.7%, but [[ENPH]] -7.6%, [[SEDG]] -4.3%.Also today, S&P Global Ratings placed Big Oil names such as Exxon and Shell on negative watch because of "greater industry risk" associated with climate change.
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Biden's climate change steps lift renewables again