Why Bloom Energy Stock Is on Fire Today

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Why Bloom Energy Stock Is on Fire Today
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Fuel cell stock Bloom Energy (NYSE: BE) is absolutely crushing the market today, skyrocketing 33.5% as of 9:35 a.m. EDT after the company struck a massive deal. Bloom Energy's three-year-old partnership with South Korean based SK Group's affiliate SK ecoplant took a big leap Monday morning when they announced a multi-billion dollar deal. SK ecoplant has contracted to buy at least 500 megawatts of fuel cells from Bloom Energy, estimated to be worth $4.5 billion in revenue, between 2022 and 2025.

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