The prices of alternative energy stocks are at China's mercy right now. That's because for the past few years, China has been in a dispute with the United States, Europe, and Japan over its exports of rare earth metals. Though China has about 30% of world reserves of rare earths, it controls 80% of international production.
As this battle rages on, one thing is clear: The international solar industry could be turned on its side if China begins to hoard these metals and drive up their cost.
Of course, whenever there is market disruption like this, there is a profit opportunity...
The prices of alternative energy stocks are at China's mercy right now. That's because for the past few years, China has been in a dispute with the United States, Europe, and Japan over its exports of rare earth metals. Though China has about 30% of world reserves of rare earths, it controls 80% of international production.
As this battle rages on, one thing is clear: The international solar industry could be turned on its side if China begins to hoard these metals and drive up their cost.
Of course, whenever there is market disruption like this, there is a profit opportunity...
Plug Power Inc. (Nasdaq: PLUG) gained 24.67% today (Monday), and that's just a small slice of the 565.16% surge PLUG stock has seen so far in 2014.
Last week, the alternative energy company was on an absolute tear. PLUG stock logged a net gain of 77%, despite a 5.78% drop Thursday on news that Plug Power would be conducting a $22.4 million secondary offering.
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Alternative energy company Plug Power Inc. (Nasdaq: PLUG) is on an absolute tear, up 334.19% so far in 2014 and 52.61% over the past five days.
On Tuesday, PLUG shares surged 20% to a fresh 52-week high of $7.02 before finishing the session up 15% to $6.99.
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