Why Bloom Energy Surged 186% in November
Shares of Bloom Energy (NYSE: BE) rocketed 185.9% in November, according to data from S&P Global Market Intelligence.
Bloom makes a type of fuel cell server that can generate electricity from either natural gas, biogas, or hydrogen without combustion. The lack of combustion lowers CO2 emissions and other pollutants, making Bloom's servers an intriguing option for power-hungry artificial intelligence (AI) data centers.
To that end, in November, Bloom announced a blockbuster deal with a major utility to provide electricity to its data center customers.
Source Fool.com
