Why Bloom Energy Rallied Higher Today
Shares of Bloom Energy (NYSE: BE) rocketed 18.5% higher on Wednesday as of 12:35 p.m. ET.
There wasn't any news specifically from Bloom today; however, last night's bombshell guidance from (NYSE: ORCL) is likely boosting Bloom by association, given that Bloom inked an important data center partnership with Oracle in July.
Bloom surged in July after it announced a landmark deal with Oracle on July 24. For reference, Bloom's energy servers can transform natural gas or hydrogen into electricity without combustion, producing electricity from an abundant source like natural gas in a cleaner way to meet escalating electricity demand.
Source Fool.com
Oracle Corp. Stock
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