Clean Energy Stocks, ETFs Rise After Manchin Package Announced

- The $iShares Global Clean Energy ETF(ICLN.US)$ added about 5.2%, extending a recent recovery as traders anticipate the Federal Reserve will begin cutting interest rates next year following recent rate hikes.

- Renewables giant NextEra Energy $NextEra Energy(NEE.US)$ advanced 5.8%.

- Solar and hydrogen stocks that are seen as particularly sensitive to changes in tax credits and incentives such as $Sunnova Energy International(NOVA.US)$ and $Plug Power(PLUG.US)$ surged more than 20%. Electric-vehicle charging firms $ChargePoint(CHPT.US)$ added about 12%.

- The recent recovery has lifted several clean-energy ETFs. Through Wednesday's close, the iShares Global Clean Energy exchange-traded fund was up 6.9% over the last three months, while the $Invesco Solar ETF(TAN.US)$ was up 20% and the  $First Trust Nasdaq Clean Edge Green Energy Index Fund(QCLN.US)$ was up 9%. The $S&P 500 Index(.SPX.US)$ declined 3.8% over the same period. $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$