Renewable Energy Stocks Struggled in September, but Plug Power Broke the Trend

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 (NASDAQ: PLUG) jumped 20.2% in September, Bloom Energy (NYSE: BE) fell 11.3%, and Sunnova Energy (NYSE: NOVA) dropped 12.3% in the biggest moves for the industry. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool