Why Bloom Energy Rallied Today
Shares of Bloom Energy (NYSE: BE) rallied 10% on Monday, as of 12:04 p.m. ET.
Bloom makes fuel cell systems that can turn either natural gas or hydrogen into electricity without combustion. In addition, Bloom makes an electrolyzer that can actually produce hydrogen.
Not only was Bloom's stock hit hard earlier this year on April's tariff fears, but it was also threatened by the new tax bill making its way through Congress, with the initial House version repealing the Inflation Reduction Act's hydrogen tax credit next year.
Source Fool.com
