CBAT - Why CBAK Energy Plug Power and Enphase Energy Stocks Popped Friday
It's a lazy Friday on the stock markets, as traders sluggishly recover from their tryptophan-induced stupor to place a few last orders before the post-holiday weekend. Even rapidly rising renewable energy stocks are finding it harder to maintain much momentum. Shares of Plug Power (NASDAQ: PLUG) and Enphase Energy (NASDAQ: ENPH) -- up 6.2% and 7.1%, respectively, in early trading -- are now just hanging on to gains of 2.2% and 3.5% (as of 10:45 a.m. EST).
One other alternative energy stock, however, is showing quite a bit more pep: CBAK Energy Technology (NASDAQ: CBAT) , up 16.6% on news of a potentially huge deal with Chinese electric car-maker Kandi Technologies (NASDAQ: KNDI) .
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Why CBAK Energy, Plug Power, and Enphase Energy Stocks Popped Friday