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Shares of energy storage company Stem (NYSE: STEM) jumped as much as 12.2% on Monday as renewable energy stocks quickly came back into favor. Shares ended the session with gains of 10.6%.
Barron's recently published a bullish article on Stem and that seems to have gotten traders interested in the stock. The article touts the Biden administration's goal of 100% carbon-free electricity generation by 2035, which would require a large amount of energy storage to be possible.