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Why Bloom Energy Stock Surged Thursday
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Bloom Energy's stock surged 15.21% to $118.09 due to AI energy demand, macroeconomic improvements, and anticipated Federal Reserve policy shifts. The company's partnerships and a $2.5 billion convertible note boost its aggressive growth strategy. Lower borrowing costs from potential rate cuts enhance Bloom's capital expansion, making gigawatt-scale power projects more attractive. Benzinga Edge data highlights Bloom's strong Momentum and Growth scores, reflecting intense buying pressure.
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