Bloom Energy scores 'big win' in fuel cell supply deal for AEP data centers
Bloom Energy (NYSE:BE) +46.6% in early trading Friday after it signed a supply agreement with American Electric Power (AEP) for up to 1 GW of its solid oxide fuel cells, which it said is the largest-ever commercial procurement of fuel cells in the world.
Bloom Energy Shares Surge on AEP Deal for Data Center Fuel Cells
Bloom Energy Corp. shares soared the most ever in intraday trading Friday after American Electric Power Co. said it would use the company’s fuel cells to supply data centers. Most Read from BloombergUnder Trump,
Bloom Energy surges 70% on deal to power AI data centers
Shares of Bloom Energy (NYSE:BE) skyrocketed 70% on Friday after the company announced a deal with American Electric Power (NASDAQ:AEP) to supply up to 1 gigawatt (GW) of fuel cells, marking the largest commercial procurement
Bloom Energy (BE) Shakes Up the Market: What’s Fueling the Explosive Surge?
But what’s driving this spike in Bloom Energy’s stock price? Let’s dive into the details, explore the company’s impressive YTD performance, and take a closer look at the significance of their latest agreement with American Electric Power (AEP).
Bloom Energy secures 1GW fuel cell supply deal with AEP
Bloom Energy has signed a supply agreement with American Electric Power (AEP) for up to 1GW of its solid oxide fuel cells (SOFCs). AEP has placed an initial order for 100MW of cells, with an expansion order expected in 2025. AEP will colocate the SOFCs at AI data center sites to help support the installation's immediate power needs.
American Electric Power, Bloom Energy in Agreement for Up to 1 GW of Fuel Cells
American Electric Power said it has an agreement in place to secure up to 1 gigawatt of Bloom Energy solid oxide fuel cells for data centers and other large energy users.
Bloom Energy Announces Gigawatt Fuel Cell Procurement Agreement with AEP to Power AI Data Centers
Bloom Energy (NYSE:BE), the world leader in stationary fuel cell power generation, announced that it has signed a supply agreement with American Elect
Bloom Energy signs fuel cell agreement with AEP for AI data centers
Bloom Energy (BE) has signed a supply agreement with American Electric Power (AEP) for up to 1 GW of its products, the largest commercial
Bloom Energy Hits 52-Week High After AEP Agreement, Analyst Price Target Boosts
Bloom Energy shares hit a 52-week high Friday following Thursday's news of a large fuel cell deployment and favorable reactions from analysts Friday. The stock was recently up 44% to $19.15, with an intraday high of $22.
AEP to Offer Faster Power for Data Centers With Bloom Fuel Cells
American Electric Power Co. will use Bloom Energy Corp. fuel cells to supply data centers, providing a quick solution to add power as the utility industry struggles to meet rising electricity demand.
Why Bloom Energy Stock Rocketed 48% on Friday
Bloom Energy (NYSE: BE) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% ...
Bloom Energy stock soars on American Electric Power deal
Bloom Energy (BE) stock rallied Friday afternoon after the company announced a new deal with American Electric Power (AEP).
Bloom Energy upgraded to Overweight from Neutral at Piper Sandler
Piper Sandler upgraded Bloom Energy (BE) to Overweight from Neutral with a price target of $20, up from $10. The firm says the scale of the ...
Bloom Energy's stock tops NYSE gainers, heads for a record gain on record volume
Bloom Energy's stock was the NYSE's biggest gainer, as it was skyrocketing 58.7% in recent trading toward a 20-month high. The stock was on track to break its record for one-day gains by a wide margin ...