Shares of China-based electric-vehicle maker Nio Inc.
and alternative-energy company Bloom Energy Corp.
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 nearly 8% to $58.43; a close around these levels would be Nio’s all-time high. The ADRs traded as high as $58.55, an intraday record. Bloom Energy shares traded as high as $37.39, their highest intraday level in more than two years. Bloom Energy stock rose nearly 7% to $35.90, poised for a record close. Nio and Bloom Energy shares have gained 1,600% and 322% in the past 12 months, compared with gains around 17% for the S&P 500 index.