BE Stock Recent News

Bloom Energy (NYSE: BE) saw its stock surge nearly 59% on November 15, becoming the top gainer on the NYSE after announcing a major deal with American Electric Power (NASDAQ: AEP) to supply up to 1 gigawatt (GW) of solid oxide fuel cells.

George Tsilis joins Under 30 to discuss Bloom Energy, an alternative energy play in hydrogen fuel cells. He compares these fuel cells to nuclear plant plays.

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 300 points on Friday.

Bloom Energy Corp (NYSE: BE) announced a supply agreement with American Electric Power Company Inc (NASDAQ: AEP) for up to 1 gigawatt of its solid oxide fuel cells on Friday. Shares of the renewable energy company opened about 50% up today.

Why Bloom Energy Stock Rocketed 48% on Friday

Bloom Energy Corp BE announced a 1 GW fuel cell supply deal with American Electric Power Company Inc AEP, which sent its stock soaring in early trading on Friday.

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE:BE), the world leader in stationary fuel cell power generation, announced that it has signed a supply agreement with American Electric Power (AEP) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date. As part of this agreement, AEP has placed an order for 100 megawatts (MW) of fuel cells with further expansion orders expected in 2025. The agreement expands Bloom's previous work with.

Last week, stationary fuel cell system provider Bloom Energy reported disappointing third quarter results, with both top- and bottom-line results falling well short of consensus expectations. Management attributed the underperformance to project delays but reiterated full-year expectations which looks like an overly aggressive target now. While analysts have reduced price targets across the board, shares have rallied approximately by 30% likely due to growing investor excitement over Bloom Energy's alleged AI data center opportunity.

Bloom Energy could be about to turn profitable.

Bloom Energy (NYSE: BE), a global leader in solid oxide fuel cell (SOFC) and electrolyzer (SOEC) technologies, has announced a landmark project to deploy fuel cells at the largest single-site installation in history. This 80 MW initiative,developed in partnership with SK Eternix, will provide reliable, sustainable energy to support critical infrastructure and regional growth at two ecoparks in South Korea.