Why Bloom Energy Stock Rocketed 48% on Friday
Bloom Energy (NYSE: BE) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% through 10:30 a.m. ET.
Last night, Bloom Energy announced a deal to supply up to 1 gigawatt's-worth of fuel cells to electric utility American Electric Power (NASDAQ: AEP).
Last night's announcement comes on the heels of a miserable earnings report from Bloom last week -- a report that was redeemed by Bloom's announcement of a deal to set up an 80-megawatt fuel cell system for South Korea's SK Eternix. There's 1,000 megawatts in a gigawatt, though.
Source Fool.com
American Electric Power Inc. Stock
€108.56
-0.570%
With 38 Buy predictions and not a single Sell prediction American Electric Power Inc. is an absolute favorite of our community.
As a result the target price of 119 € shows a slightly positive potential of 9.62% compared to the current price of 108.56 € for American Electric Power Inc..
