Nuclear and Renewable Energy Stocks Have Lost Their Shine

06.12.24 20:04 Uhr

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After a strong run for some energy stocks in the fall, the rally fell flat this week with many nuclear and renewable energy stocks dropping.According to data provided by S&P Global Market Intelligence, NuScale Power (NYSE: SMR) fell as much as 22.3% this week, Sunnova Energy (NYSE: NOVA) was down 21.5%, and FuelCell Energy (NASDAQ: FCEL) dropped 13.1% at its low. The stocks are down 15.9%, 20.8%, and 12.4% respectively as of 1:30 p.m. ET on Friday.Late summer and early fall trading centered around the data center and enormous energy needs companies would need to run artificial intelligence (AI) chips. Nuclear energy was thought to be a solution and solar energy could fill some of the need along with batteries given how quickly solar plants could be built.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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