Clean energy stocks caught a bid Monday as company-specific catalysts collided with a broader sector tailwind less than four weeks before a critical legislative deadline expires.

SUNE stock is soaring. See the chart and price action here. 

Clean Energy Movers

The biggest mover was SUNation Energy Inc. (NASDAQ:SUNE), which exploded 150% to $2.83 on volume roughly 117 times its daily average after the company announced a definitive reverse merger with Suniva, the largest U.S. merchant solar cell manufacturer. 

American Battery Technology Co. (NASDAQ:ABAT) surged about 25% after winning its appeal with the U.S. Department of Energy, which fully reinstated a competitive grant supporting $115 million in Phase 1 construction of the company’s Tonopah Flats Lithium Project, one of the largest identified lithium resources in the country. 

FuelCell Energy (NASDAQ:FCEL) shares initially climbed, before reversing lower after a mixed fiscal second quarter print before Monday's opening bell. 

Revenue of $35.6 million missed estimates and fell 5% year over year, while the GAAP net loss more than doubled to $77.6 million. Buyers were initially engaged by the company's plans to expand its Torrington, Connecticut, facility to 500 MW of annualized production capacity over the next 24 months. 

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