Fuel Cell Stocks Surge as Bloom Energy Secures Major Financing

Bloom Energy US0937121079

The hydrogen and fuel cell sector is experiencing a powerful resurgence, with Bloom Energy leading the charge. Shares of the solid oxide fuel cell manufacturer skyrocketed, closing Friday’s session with a gain exceeding 13 percent. During the trading day, the stock briefly approached the psychologically significant $100 threshold. This dramatic move was catalyzed by the company’s announcement of a substantial new $600 million revolving credit facility arranged with Wells Fargo.

Bloom Energy’s rally is part of a broader industry recovery at the start of the new trading year. Several key players in the alternative energy space posted significant advances alongside it:
* Plug Power shares advanced by 12.6 percent.
* FuelCell Read more...