Shares of China-based electric-vehicle maker Nio Inc. (NIO) and alternative-energy company Bloom Energy Corp. (BE) were among the top gainers Friday, on continued optimism that clean-energy and related companies would benefit from climate initiatives in the new Biden administration. Nio's American depositary receipts rose 8.6% to end at a record $58.92. The ADRs traded as high as $59.31, an intraday record. Bloom Energy shares traded as high as $37.39, their highest intraday level in more than two years. Bloom Energy stock ended 3.6% higher at $34.79. Nio and Bloom Energy shares have gained more than 1,600% and 311% in the past 12 months, compared with gains around 18% for the S&P 500 index.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 08, 2021 17:46 ET (22:46 GMT)
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