National Post (National Edition)
FUEL CELL, SOLAR STOCKS SURGE ON COVID BILL
are soaring to some of their highest levels in years after the U.S. Congress included provisions in the pandemic relief bill to extend clean-energy tax credits. FuelCell Energy Inc. jumped as much as 25 per cent to US$13.48, its highest intraday price since 2018. Bloom Energy Corp. rose 2.4 per cent. JinkoSolar Holding Co. climbed as much as 8.7 per cent. Clean-power stocks have been climbing for months, pushed higher by President-elect Joe Biden's goals for fighting climate change. Plug Power Inc., which makes fuel cells for forklifts and recently jumped into hydrogen production, has seen its shares soar more than five-fold in the past six months. The roughly US$900-billion pandemic relief bill extends tax credits for solar and wind power projects as well as fuel cells.