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

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Shares of Bloom Energy climbed sharply after the renewable electric power provider announced a $4.5 billion supply agreement with SK Group.

The subsidiary of the South Korean Group, SK Ecoplant, agreed to purchase at least 500 megawatts of power from Bloom Energy (ticker: BE) through 2024. That represents a $4.5 billion revenue commitment from SK, according to a press release. SK Group also plans an equity investment of about $500 million.


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