Clean energy stocks rally as Manchin backs new climate change spending

Clean Energy Fuels

28/07/2022 12:43

** Shares of clean energy firms rise premarket as U.S.
Senate Democrats strike climate deal
    ** Democratic Senator Joe Manchin, a key swing vote, told
Senate Majority Leader Chuck Schumer on Weds he will now support
proposal for new climate change spending  urn:newsml:reuters.com:*:nL1N2Z9044
    ** Manchin said bill would invest in hydrogen, nuclear
power, renewables, fossil fuels and energy storage, and contains
tax credits to build manufacturing plants for wind turbines and
solar panels
    ** Invesco Solar ETF  TAN.P  up ~5% before the bell
    ** Solar stocks rise: China's JinkoSolar  JKS.N  4%,
Solaredge  SEDG.O  5%, Enphase  ENPH.O  4%, First Solar  FSLR.O 
~10%, Sunpower  SPWR.O  12%, Sunrun  RUN.O  11%, Sunnova Energy
 NOVA.N  13%
    ** Maxeon Solar Technologies  MAXN.O  and Array Technologies
 ARRY.O  up 4% and 10%, respectively
    ** iShares Global Clean Energy ETF  ICLN.O  gains 4%
premarket
    ** Renewable/alt-energy firms climb: Plug Power  PLUG.O 
13%, FuelCell  FCEL.O  13%, Bloom Energy  BE.N  10%, Clean
Energy Fuels  CLNE.O  4%, Fluence Energy  FLNC.O  10%
    ** NextEra Energy  NEE.N , wind and solar energy producing
giant, up >3% before the bell

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))