Why Shares of Bloom Energy Are Rocketing Higher Today

Key Points A unit of AEP plans on buying $2.65 billion in fuel cells from Bloom Energy for a new power generation facility. AEP and Bloom Energy announced an agreement in 2024 regarding a potential purchase of up to 1,000 megawatts of fuel cells. Shares of Bloom Energy are trading at a steep valuation with respect to future earnings. 10 stocks we like better than Bloom Energy › In contrast to the S&P 500, which is trading flat today, shares of Bloom Energy (NYSE: BE) are moving sharply higher. I ...