Reported 8 days ago
Bloom Energy's shares skyrocketed by 47.8% on Friday after the announcement of a significant deal to provide American Electric Power with up to 1 gigawatt of fuel cells. This news followed a disappointing earnings report from the previous week, where another deal for South Korea's SK Eternix was also shared. The new agreement, which involves an initial order of 100 megawatts, has the potential to generate over $7 billion in revenue for Bloom, bolstering hopes of achieving profitability.
Source: YAHOO