Stocks

“Why Bloom Energy Stock Skyrocketed 109% in April”

“…The company expanded its strategic partnership with tech giant Oracle (NYSE: ORCL) last month to support the rapid build-out of its AI and cloud computing infrastructure… The company delivered a fully operational fuel cell system to Oracle in just 55 days last year, more than a month ahead of the anticipated 90-day schedule…

Bloom Energy also reported robust first-quarter financial results last month. The fuel cell maker generated $751.1 million in revenue, a 130.4% increase from the first quarter of last year. Product revenue rocketed 208.4% to $653.3 million. Meanwhile, the company posted $72.2 million of operating income, a $91.3 million year-over-year increase. Bloom Energy also generated $73.6 million of cash flow from operating activities, an increase of $184.3 million…”

https://finance.yahoo.com/markets/stocks/articles/why-bloom-energy-stock-skyrocketed-095000099.html

 

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