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Bloom Energy Is Soaring. Here's Why.

TheMotleyFool

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Bloom Energy Is Soaring. Here's Why.Photo, wide shot, wide-angle lens, Gas company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/01083d82-021d-4573-8c40-0e836a0771d6.png

Bloom Energy (NYSE: BE) jumped nearly 20% in Tuesday's trading session. What's going on? On Monday, the company announced an expansion of its agreement to supply power to artificial intelligence (AI) data centers run by tech giant .

Bloom makes solid oxide fuel cells that create electricity through electrochemical reactions. The company's modular energy units are extremely useful for powering new data centers because they can be deployed and installed quickly and don't require connection to traditional energy grids.

Image source: Getty Images.

Source Fool.com