AKSJF - Hot Stocks: Green energy rally; FHN gets bought; SBRCY drops on sanctions; OXY new high; ITRI new low
Stocks bounced back from an early slide to finish Monday's session with a mixed performance. With investors digesting the latest headlines out of Ukraine and Russia, the Nasdaq climbed into positive territory late in the session, while the Dow and S&P cut their early losses. The choppy trading session included a sizable rally in the renewable energy space. Amid higher oil prices and a merger deal involving Renewable Energy Group Inc. (NASDAQ:REGI), shares of alternative energy companies received a significant lift, including double-digit percentage gains in Ballard Power Systems (NASDAQ:BLDP), JinkoSolar (NYSE:JKS), FuelCell (NASDAQ:FCEL) and Plug Power (NASDAQ:PLUG). M&A news also drove gains in First Horizon (NYSE:FHN). The stock jumped about 40% on a deal to be acquired by Toronto-Dominion Bank (NYSE:TD). Occidental Petroleum (NYSE:OXY) was another standout gainer on the session. A debt repurchase plan sent the stock to a new 52-week high. Looking at some of the day's
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Hot Stocks: Green energy rally; FHN gets bought; SBRCY drops on sanctions; OXY new high; ITRI new low