Bloom Energy Stock Surges on $4.5 Billion Fuel-Cell Supply Deal

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https://www.barrons.com/articles/bloom-energy-fuel-cell-supply-deal-sk-group-51635178038

Oct. 25, 2021 12:08 p.m. ET

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Shares of Bloom Energy climbed sharply aft the renewable electrical powerfulness supplier announced a $4.5 cardinal proviso statement with SK Group.

The subsidiary of the South Korean Group, SK Ecoplant, agreed to acquisition astatine slightest 500 megawatts of powerfulness from Bloom Energy (ticker: BE) done 2024. That represents a $4.5 cardinal gross committedness from SK, according to a property release. SK Group besides plans an equity concern of astir $500 million.

Bloom...

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