Renewable Energy Stocks Struggled in September, but Plug Power Broke the Trend
Plug Power(PLUG) The Motley Fool·2024-10-09 16:31Renewable energy stocks are under pressure, despite some positive news.Following months of speculation about when the Federal Reserve would cut rates, investors seemed to take a "sell the news" approach in September. Renewable energy projects that are often financed for decades based on interest rates should become more economical as rates fall, but stocks dropped when rates did drop. According to data provided by S&P Global Market Intelligence, Plug Power (PLUG 1.70%) jumped 20.2% in September, Bloom Energ ...