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.