Bloom Energy Corporation (NYSE: BE) took investors on quite the ride in the week ending April 4, 2025. The stock closed down over 21% as investors fled to cash or the relative safety of utilities stocks or consumer staples stocks.
But before BE stock tumbled, it was up 8% after announcing a partnership with Conagra Brands Inc. (NYSE: CAG). The packaged goods food company will use Bloom Energy’s fuel cell technology at two of its Ohio plants. Under the terms of the agreement, Bloom will deploy 6 MW, which will supply 70% to 75% of the electricity needs at the facilities. The agreement aligns with Conagra’s 2030 greenhouse gas reduction target by cutting down greenhouse gas emissions by 19%.
