Why Shares of Bloom Energy Bounced 17% Higher in December

1 min read

Extending their 94% rise in November, shares of Bloom Energy (NYSE: BE) rose 17% in December, according to data from S&P Global Market Intelligence. The strong performance in the last month of 2020 helped the stock to lock in an overall gain of 284% for 2020. While not as impressive as the 973% rise in the stock of Bloom Energy’s peer, Plug Power (NASDAQ: PLUG), it was surely a welcome sight for investors as Bloom Energy’s stock had dipped 25% in 2019.

Unrelated to any company-specific news, the stock’s rise could be chalked up to a couple of analysts’ affirmations, the growing enthusiasm for hydrogen solutions, and recent legislation.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Got $10,000? 5 Top Renewable Energy Stocks to Buy for the Long Term

Next Story

Tesla’s Q4 Deliveries Soar

Latest from Blog