Bloom Energy stock jumps again: BE extends rally on $600 million Wells Fargo credit line as jobs report looms
Bloom Energy shares rose 6.3% to $104.95 in mid-morning trading Monday, after closing at $98.69 Friday. The move comes as attention shifts to Bloom’s $600 million revolving credit facility with Wells Fargo, secured by most company assets and maturing in 2030. The facility allows flexible borrowing but carries floating-rate costs and leverage restrictions. Other fuel-cell stocks were mixed, while major indexes traded higher.