Reported 1 day ago
Bloom Energy Corp. (NYSE:BE) experienced a 23.04% surge in share prices following announcements of new supply agreements with companies, including a recent deal with Oracle Corp. that involves delivering fuel cell technology to Oracle Cloud Infrastructure data centers. CEO KR Sridhar indicated that more similar deals are anticipated, contributing to investor optimism. Bloom Energy plans to double its capacity to 2 GW by 2026, while its Q2 results showed a significant reduction in net loss and a revenue increase of 19.5% year-on-year.
Source: YAHOO