What happened
This week was a test for investors’ nerves. If you look at the charts for some alternative energy stocks, for instance, you’ll see how they slumped as the week kicked off — some even plunging to 52-week lows — only to bounce back just as dramatically even as I write this. Believe it or not, shares of Ballard Power Systems (BLDP 9.57%), Clean Energy Fuels (CLNE 10.46%), and Blink Charging (BLNK 14.78%) are up more than 15% each in the past two days through 2 p.m. ET Friday, but they’re still down for the week according to data provided by S&P Global Market Intelligence.
Ballard Power Systems: down 13.4%.
Blink Charging: down 2.5%.
Clean Energy Fuels: down 5.9%.
Each of these stocks hit 52-week lows this week. Each of these companies also released its quarterly numbers in the past few days, with one even crushing analysts’ estimates. That tells me…