Nuclear and Renewable Energy Stocks Have Lost Their Shine

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 Weiter zum vollständigen Artikel bei MotleyFool