The US government hit the debt ceiling yesterday, meaning it is now spending down whatever it has in the bank. Janet Yellen thinks the last coins may have been dug out from behind the national couch cushions by summer, if Congress can’t cut a deal to raise the ceiling. Unhedged thinks chances of a recession in 2023 remain reasonably high. Read More...
Motley Fool
Why Blink Charging, ChargePoint, and Plug Power Stocks All Dropped Today
Renewable energy stocks sank Thursday morning, and for a variety of reasons. As of 10:45 a.m. ET, shares of charging network operators Blink Charging (NASDAQ: BLNK) and ChargePoint (NYSE: CHPT) are down 6.7% and 6.8%, respectively, while hydrogen fuel cell company Plug Power (NASDAQ: PLUG) continues to give back yesterday’s gains, and is in fact down another 7.5% today. Yesterday, if you recall, Plug Power went on something of a wild ride, first rising several percentage points before ending the day with a loss, as investors first reacted to a positive assessment of the company’s prospects from The Wall Street Journal — then seemingly rejected that assessment entirely.
