FCEL - Electric vehicle stocks jolted by infrastructure legislation progress
Electric vehicle stocks are rallying on stronger indications that an infrastructure bill will make its way through Congress after several years of being discussed. earlier today, U.S. Sen. Bob Portman (R-Ohio) said Senate passage of a $1T bipartisan infrastructure bill was "right around the corner." Notable gainers include Fuelcell Energy (FCEL +12.6%), Hyzon Motors (HYZN +10.0%), QuantumScape (QS +8.8%), Plug Power (PLUG +8.8%), Chargepoint Holdings (CHPT +7.6%), Proterra (PTRA +7.3%), Ballard Power Systems (BLDP +5.5%), Nikoka (NKLA +5.8%), Arrival (ARVL +6.0%), Beam (BEEM +4.4%), Fisker (FSR +3.0%), Microvast (MVST +9.8%) and Lightning eMotors (ZEV +1.9%). Last week, the Biden Administration's push received the backing of Detroit auto majors.
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Electric vehicle stocks jolted by infrastructure legislation progress