Clean energy stocks surge as Manchin backs new climate change spending

Clean Energy Fuels

28/07/2022 15:45

(Updates)
    ** Shares of clean energy firms surge on Thurs 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  leaps 5.5% to highest levels
since Dec
    ** Solar stocks rise: Solaredge  SEDG.O  4.6%, Enphase
 ENPH.O  4.7%, First Solar  FSLR.O  16.3%, Sunpower  SPWR.O 
12.9%, Sunrun  RUN.O  20.8%, Sunnova Energy  NOVA.N  20.5%
    ** Maxeon Solar Technologies  MAXN.O  up 17.3% and Array
Technologies  ARRY.O  advances 14.7%
    ** iShares Global Clean Energy ETF  ICLN.O  jumps 5.6% to
over 3-mth high
    ** Renewable/alt-energy firms climb: Plug Power  PLUG.O  
20.8, FuelCell  FCEL.O  5.1%, Bloom Energy  BE.N  17.9%, Clean
Energy Fuels  CLNE.O  5.3%, Fluence Energy  FLNC.O  17.7%
    ** Constellation Energy Corp's  CEG.O  stock up 14.8% and
easily top S&P 500  .SPX  performer on the session, while wind
and energy producing giant NextEra Energy  NEE.N  rises 6.6%

 (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))