Bloom Energy (BE) Jumps 8% on Bargain-Hunting

We recently published Lackluster Market? Not for These 10 Soaring Stocks. Bloom Energy Corp. (NYSE:BE) is one of the best-performing stocks on Friday.

Bloom Energy snapped a three-day losing streak on Friday, adding 8.05 percent to close at $111.89 apiece as investors resorted to bargain-hunting following the previous days’ drop.

Earlier, Bloom Energy Corp. (NYSE:BE) successfully raised $2.2 billion in fresh funds to finance research and development, manufacturing activities, and other general corporate purposes.

Under the terms of the issuance, noteholders are able to convert their holdings to cash, shares, or a combination of both beginning August 15, 2030, before the notes mature on November 30, 2030.

Oleksandr Kalinichenko / Shutterstock.com

Every $1,000 note would be converted to 5.1290 Class A common shares, representing a 52.50 percent premium over its $127.85 closing price on October 30, 2025.

Bloom Energy Corp. (NYSE:BE) also reported earlier that it widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year, but was lower by 46 percent than the $42.6 million net loss in the last quarter.

Revenues grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.

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Disclosure: None. This article is originally published at Insider Monkey.