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Subscribers to Chart of the Week received this commentary on Sunday, March 30.
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO , April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE), a global leader in power solutions, today announced they will collaborate to utilize Bloom's fuel cell technology at Conagra's Troy and Archbold, Ohio production facilities. The 15-year PPA (power purchase agreement) will deploy approximately six megawatts and provide combustion-free electricity generation, supplying approximately 70% to 75% of the electricity needs at the Troy and Archbold facilities, while also projecting a 19% decrease in their greenhouse gas emissions.
In the latest trading session, Bloom Energy (BE) closed at $23.11, marking a +0.35% move from the previous day.
The below excerpt came from Schaeffer's annual and exclusive Stock Picks for 2025, each one carefully curated by our team of top traders.
Here is how Bloom Energy (BE) and Oil States International (OIS) have performed compared to their sector so far this year.
Bloom Energy (BE) closed at $24.19 in the latest trading session, marking a -1.14% move from the prior day.
The growth prospects for renewable energy and battery storage stocks like AEE, CMS, BE and STEM remain promising, backed by growing global electricity demand.
Bloom Energy reported strong fourth quarter and full year 2024 results, highlighted by impressive free cash flow generation. Revenue of $572.4 million, consolidated non-GAAP gross margin of 39.3% and Adjusted EBITDA of $147.3 million also represented new all-time highs for the company. However, management's reluctance to provide much needed color around quarterly results, backlog, guidance and the supply agreement with AEP was disturbing.
Positioned to capitalize on the need for decentralized, reliable power, Bloom Energy stands to benefit significantly from the AI revolution's insatiable energy appetite.
Constellation, Expand, Bloom and Opal Fuels have been highlighted in this Industry Outlook article.