VSLR - Why General Electric Vivint Solar and Clean Energy Fuels Stocks All Popped Today
Late Wednesday night, the U.S. Senate passed its Coronavirus Aid, Relief, and Economic Security (CARES) Act. In total, the stimulus bill promises some $2 trillion in funding to help taxpayers and companies struggling to survive under government-mandated measures to slow the spread of the coronavirus.
Alternative energy stocks were quick to respond to the news today, with shares of General Electric (NYSE: GE), Clean Energy Fuels (NASDAQ: CLNE), and Vivint Solar (NYSE: VSLR) all soaring close to -- or more than -- 10% in early trading.
By the time markets closed, GE stock remained up 7% and Clean Energy Fuels 9.3%. In contrast, Vivint Solar had given up all its gains, sinking to a 1.8% loss.