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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Plug Power, FuelCell And Sunrun Shares Are Rising

PLUG FuelCell Plug Power Sunrun RUN Nasdaq FCEL FuelCell Energy Inc Plug Power Inc Sunrun Inc

Shares of several companies in the broader industrials sector, including Plug Power Inc (NASDAQ:PLUG), FuelCell Energy Inc (NASDAQ:FCEL) and Sunrun Inc (NASDAQ:RUN), are all trading higher amid overall market strength as investors await this week's Fed minutes and monitor the Russia-Ukraine conflict.

Shares of several clean energy companies also saw marked strength in March, possibly due to the Russia-Ukraine conflict which has caused an increase in oil prices and pressure on some countries to become less dependent on Russian gas. Clean energy manufacturing and alternative energy names continue to see volatility amid surging oil prices, which has raised demand outlook for alternative energy.

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