Why Plug, Bloom, and Enphase Stocks Crashed Today

Rich Smith, The Motley Fool
·2 min read
Why Plug, Bloom, and Enphase Stocks Crashed Today

Renewable energy investors dodged a bullet on Monday, when a miserable morning for stock markets turned into a more hopeful afternoon, erasing much of those early losses by close of trading. As of 11:40 a.m. ET, shares of solar power play Enphase Energy (NASDAQ: ENPH) are tumbling 5.8%, while fuel cell stars Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) are down 7.7% and 8.3%, respectively. In a tic-tac-toe of bad news yesterday, you see, investment bank Truist cut its price targets on Plug, Bloom, and Enphase.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q1 2024 Amalgamated Bank Earnings Call

    Q1 2024 Amalgamated Bank Earnings Call

  • TikTok will not be sold, Chinese owner tells US

    The video sharing app faces being banned in the US unless it severs ties with its Chinese parent.

  • Conservation efforts lending a helping hand to global biodiversity, study says

    The decade-long research is the biggest of its kind ever completed.

  • Beavers back for the 'first time in 400 years'

    Since arriving, the furry family has been hard at work felling trees and building dams.

  • Surveillance video catches 2nd break-in in a month at Sac restaurant

    Surveillance video outside the Super Taco Mexican Restaurant captured burglars busting open the door to the Sacramento County restaurant this week, causing thousands of dollars in damage

  • Swiss parliamentary committee backs $5.5 billion aid plan for Ukraine

    A Swiss parliamentary committee late on Thursday voted to back a 5 billion Swiss franc ($5.5 billion) aid contribution for Ukraine as part of a broader package aimed at improving neutral Switzerland's defense capabilities. Supported by lawmakers from centre-left and centre-right parties, the security committee of the upper house of parliament approved the package to provide 10.1 billion francs in additional funds for the army, along with the Ukraine sum. In a statement, parliament said the multi-billion dollar package was conceived as an extraordinary contribution toward the security of Switzerland and "peace in Europe" because of the war being waged by Russia against Ukraine.

  • Denver looks to close out series against Los Angeles in game 4

    Denver Nuggets (57-25, second in the Western Conference) vs. Los Angeles Lakers (47-35, eighth in the Western Conference)Los Angeles; Saturday, 8:30 p.m. EDTBETMGM SPORTSBOOK: LINE Nuggets -2.5; over/under is 215.5WESTERN CONFERENCE FIRST ROUND: Nuggets lead series 3-0BOTTOM LINE: The Denver Nuggets look to clinch the series over the Los Angeles Lakers in game four of the Western Conference first round. The Nuggets beat the Lakers 112-105 in the last meeting. Aaron Gordon led the Nuggets with 29

  • Cleveland visits Orlando with 2-1 series lead

    Cleveland Cavaliers (48-34, fourth in the Eastern Conference) vs. Orlando Magic (47-35, fifth in the Eastern Conference)Orlando, Florida; Saturday, 1 p.m. EDTBETMGM SPORTSBOOK: LINE Magic -2; over/under is 201.5EASTERN CONFERENCE FIRST ROUND: Cavaliers lead series 2-1BOTTOM LINE: The Cleveland Cavaliers visit the Orlando Magic in the Eastern Conference first round with a 2-1 lead in the series. The Magic won the last matchup 121-83 on April 25 led by 31 points from Paolo Banchero, while Caris Le

  • Thunder take 2-0 lead into game 3 against the Pelicans

    Oklahoma City Thunder (57-25, first in the Western Conference) vs. New Orleans Pelicans (49-33, seventh in the Western Conference)New Orleans; Saturday, 3:30 p.m. EDTBETMGM SPORTSBOOK: LINE Thunder -1; over/under is 209.5WESTERN CONFERENCE FIRST ROUND: Thunder lead series 2-0BOTTOM LINE: The Oklahoma City Thunder visit the New Orleans Pelicans in the Western Conference first round with a 2-0 lead in the series. The Thunder won the last matchup 124-92 on April 25 led by 33 points from Shai Gilgeo

  • South Sudanese comedians find laughs in painful past

    When Isaac Anthony Lumori launched South Sudan's first weekly comedy show at the height of a civil war in 2014, his performers' quips about different ethnic groups were not always well received. A decade on, with South Sudan officially at peace and audiences accustomed to the comedians' equal-opportunity digs, the reception has grown considerably warmer. They make wisecracks about everything from the 2013-2018 war that cost hundreds of thousands of lives to South Sudan's economic woes and everyday quarrels between husbands and wives.

  • Celtics, Heat tied 1-1 heading into game 3

    Boston Celtics (64-18, first in the Eastern Conference) vs. Miami Heat (46-36, eighth in the Eastern Conference)Miami; Saturday, 6 p.m. EDTBETMGM SPORTSBOOK: LINE Celtics -9; over/under is 204EASTERN CONFERENCE FIRST ROUND: Series tied 1-1BOTTOM LINE: The Miami Heat and the Boston Celtics are in a 1-1 series tie in the Eastern Conference first round. The Heat defeated the Celtics 111-101 in the last matchup. Tyler Herro led the Heat with 24 points, and Jaylen Brown led the Celtics with 33 points

  • 'Britain's Pompei': UK's largest Bronze Age find

    An exhibition showcasing many of its finds is opening in Peterborough, close to where it was found.

  • Q1 2024 TransUnion Earnings Call

    Q1 2024 TransUnion Earnings Call

  • Indian politicians woo first-time voters as marathon elections resume

    Political parties are making lavish promises to millions of first-time voters as India kicks off a second round of polling in general elections that run from April to June. Rivals are fighting bitterly over young electors, who were partly responsible for the victories won by Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP) in 2014 and 2019. Around 20 million people are eligible to vote for the first time in this year's polls, which will elect 543 members of the India

  • Injured Household Cavalry horses 'may never return to duties' after six-mile rampage through central London

    Three cavalry officers who were injured in the incident are all expected to make a full recovery

  • The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?

    WASHINGTON (AP) — TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect online. Beijing has signaled TikTok should fight what it has called a “robbers” act by U.S. lawmakers “to snatch from others all the good things that they have

  • A Man in Full to Shardlake: the seven best shows to stream this week

    Jeff Daniels is a boorish Trumpian type in a sharp new satire of American life, while Sean Bean and Arthur Hughes lead a monastery murder mystery

  • Rhod Gilbert says new comedy tour after cancer treatment ‘massively therapeutic’

    Gilbert has embarked on a new stand-up tour after his last positive health update.

  • China warns US not to step on its 'red lines'

    US Secretary of State Antony Blinken is in China in an attempt to put relations on an even keel.

  • The 1 Disturbing Reason You Should Befriend A Crow

    Listen, becoming friends with a crow wasn't on my to-do list either but I have to now.