Why Bloom Energy Stock Jumped Over 50% This Week
Shares of fuel cell company Bloom Energy (NYSE: BE) have jumped 50.3% so far this week as of noon EDT on Friday, and the stock's momentum doesn't seem to be slowing down. The company signed a huge supply deal this week, and next week is earnings, so this is certainly a renewable stock to keep an eye on.
The biggest news this week came on Monday when Bloom Energy and SK Ecoplant, which is an affiliate of South Korean company SK Group, announced a minimum 500 megawatt (MW) order. The deal will generate at least $4.5 billion in revenue and includes an agreement to build two hydrogen innovation centers. In addition, SK Ecoplant will buy about $500 million in Bloom Energy stock.
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Source Fool.com
