Here's Why Shares of Bloom Energy Soared 15% in September
After heating up in July, shares of Bloom Energy (NYSE: BE) continued to warm investors' hearts in September and climbed 15%, according to data from S&P Global Market Intelligence. Early in the month, investors responded favorably to news of the company's progress in South Korea, while the stock's favorable attention from Wall Street further powered investors' enthusiasm in the middle of the month.
Partnering with SK Engineering and Construction (SK E&C), Bloom Energy announced on Sept. 2 that operations have commenced at two fuel cell-powered facilities in South Korea. The larger project, a 19.8 megawatt (MW) deployment of the company's Bloom Energy Servers, is located in the city of Hwasung and has the ability to power approximately 43,000 homes. Located in Paju, the smaller facility is an 8.1 MW deployment capable of providing power to about 18,000 homes.
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Source Fool.com
