Why Bloom Energy Stock Jumped Today
Bloom Energy (NYSE: BE) stock jumped 7.7% at the market's opening today. Although the hydrogen fuel cell stock gave up some of those gains as the day progressed -- it was up 3% as of 12:40 p.m. -- it's worth knowing what reignited investor interest in a stock that had shed almost 16% in value in just the past couple of weeks.
Two things drew attention to the hydrogen stock today: a mega contract that a rival won, and an analyst update.
This morning, Plug Power announced a multiyear agreement with e-commerce giant Amazon to supply liquid hydrogen beginning in 2025. Although Amazon and Plug Power are long-standing partners, the new agreement affirms a growing global interest in green hydrogen as more organizations across the globe commit to a low-carbon future.
Source Fool.com
