Bloom Energy Corporation Class A Stock News

Why Bloom Energy Stock Is Surging and Is Up Over 85% in Just 2 Weeks

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.

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

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 ...

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 boa...

Bloom Energy could be about to turn profitable.

Start Time: 17:00 January 1, 0000 5:57 PM ET Bloom Energy Corporation (NYSE:BE ) Q3 2024 Earnings Call November 07, 2024, 17:00 PM ET Company Participants KR Sridhar - Founder, Chairman and CEO Dan Berenbaum - CFO Michael Tierney - VP, IR Conference Call Participants Andrew Percoco - Morgan Stanley Manav Gupta - UBS Chris Dendrinos - RBC Capital Markets Noel Parks - Tuohy Brothers Dushyant Aila...