JKS - Solar fuel cell names power up despite threat to clean power legislation

Solar and fuel cell shares finished mostly higher today, despite concerns that a key clean energy provision may be stripped from the Democrats $3.5T spending package that seems to be stalling in the U.S. Senate. Among solar related names: JKS +3.1%, DQ +6.4%, ENPH +4.1%, SEDG +2.2%, ARRY +2.8%, SUNW +4.9%. Fuel cell stocks FCEL +18.2%, PLUG +4.3% and BLDP +0.7% performed well too. ETFs: TAN, ICLN, QCLN, SMOG The gains came even after Senator Joe Manchin told the White House he would not support the Clean Electricity Performance Program in the Democrats' spending package that would encourage utilities to shift to clean energy sources. Cowen analyst Jeff Osborne tells Bloomberg that other proposals that are facing less pushback on Capitol Hill may be seen as more important to investors. Declining support for the CEPP "doesn't appear to change any of the other initiatives at play," such as extensions of

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Solar, fuel cell names power up despite threat to clean power legislation