Why Bloom Energy Rallied Over 50% in July
Shares of Bloom Energy (NYSE: BE) rallied 56.3% in July, according to data from S&P Global Market Intelligence.
Bloom had several pieces of good news during the month. In a pleasant surprise, the company's fuel cells were able to qualify for tax credits under changes made to the "One Big, Beautiful Bill." Then, later in the month, Bloom inked an agreement to supply (NYSE: ORCL) data centers with its on-site fuel cells.
Finally, the company reported earnings on the last day of the month; however, the slight post-earnings sell-off occurred on August 1 and wasn't captured in July's rally.
Source Fool.com
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