Why Bloom Energy Shares Jumped Today
The overall market is moving higher today, and shares of alternative energy names are generally among the outperformers. But clean-energy fuel cell maker Bloom Energy (NYSE: BE) also gave investors some news that likely contributed to its move. As of 2:50 p.m. EDT on Wednesday, Bloom shares were near their highs of the day, up more than 8%.
Bloom Energy makes fuel-cell energy servers that provide a clean and reliable local energy source for its customers. Today the company announced a new partnership with South Korea's SK Ecoplant for Bloom's first combined heat and power (CHP) project. The proposed installation will have 4.2 megawatts of capacity, and will be South Korea's first utility-scale solid oxide fuel cell CHP project.
Source Fool.com
