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Benzinga
Benzinga
Business
Henry Khederian

Why Plug Power, FuelCell, Enphase Energy, First Solar And Sunrun Shares Are Rising

ENPH Enphase Energy FuelCell First Solar RUN Sunrun Enphase Energy Inc FCEL FuelCell Energy Inc Plug Power Inc

Shares of clean energy manufacturing and solar-related companies, including Plug Power Inc (NASDAQ:PLUG), FuelCell Energy Inc (NASDAQ:FCEL), Enphase Energy Inc (NASDAQ:ENPH), First Solar, Inc. (NASDAQ:FSLR) and Sunrun Inc (NASDAQ:RUN), are all trading higher as a surge in oil prices lifts alternative energy names.

The Russia-Ukraine conflict caused an increase in oil prices and put pressure on some countries to become less dependent on Russian gas. The United States today announced a ban on Russian oil imports.

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