Why Bloom Energy's Stock Is Shooting Higher Today
As of the close of trading yesterday, shares of fuel cell specialist Bloom Energy (NYSE: BE) had tumbled more than 8%. Today, however, the bulls are outnumbering the bears, and shares are rebounding from the decline that had occurred through the better part of the month. It's not an encouraging announcement from the company that's driving the stock up, though; instead, it seems to be the news of a fuel cell peer stoking the stock's rise.
As of 1 p.m. ET, shares of Bloom Energy have risen 5.7%.
Helping to propel Bloom Energy's stock higher today, Plug Power (NASDAQ: PLUG) announced it has inked a new green hydrogen supply agreement with its longtime customer, Walmart.
Source Fool.com
