Why Bloom Energy Rallied This Week
Shares of Bloom Energy (NYSE: BE) rallied this week, appreciating 27% as of 2:15 p.m. ET Friday, according to data from S&P Global Market Intelligence.
There weren't any financial disclosures for Bloom this week, but CEO KR Sridhar did hold an interview with Bloomberg on Wednesday, during which he made very bullish comments on Bloom's future and the future of AI data centers.
Bloom Energy's stock got a big lift in July, after fuel cells remained eligible for tax credits in the "One Big, Beautiful Bill" and the company inked a direct deal with to power its artificial intelligence (AI) data centers. Traditionally, Bloom Energy had made deals with data center real estate companies, power providers, and utilities.
Source Fool.com
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