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Stock Alert: Bloom Energy Up 12% On EIA's Forecast

Bloom Energy Corp. (BE) shares are rising more than 10 percent on Wednesday morning trade, as the U.S. Energy Information Administration has noted that renewable energy will be the fastest-growing source of electric generation in 2020. The stock has been maintaining a bullish trend since mid-March.

Currently, the shares are at $9.42, up 12.14 percent from its previous close of $8.40. For the 52-week period, the shares have traded in a range of $2.44 to $14.55 on average volume of 2,822,871.

Earlier on May 12, the company has reported first-quarter net loss of $75.9 million, while revenues were $156.7 million.

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