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Clean-Tech Stocks Surge on Sinema’s Support for Climate Bill

  • Long-sought bill contains tax breaks for wind, solar, hydrogen
  • Sector stocks rise to highest levels in months on passage hope
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Democrats Reach Deal on Tax and Climate Bill

Clean-tech stocks rose to some of their highest levels in months after Democrats won the backing of Arizona Senator Kyrsten Sinema for their bill to spend $370 billion on climate change measures. 

Solar company Sunrun Inc. climbed as much as 11% to the highest since January before giving back some of those gains. Energy storage and software provider Stem Inc. jumped 15% to a six-month high before easing. Hydrogen and fuel cell company Plug Power Inc. rose as much as 6.7% to the highest since April.