10 Firms Outperform Broader Market on Tuesday

6. Bloom Energy Corp. (NYSE:BE)

Bloom Energy rallied by 8.04 percent on Tuesday to finish at $21.24 apiece following news that it entered into a 15-year power purchase agreement with Conagra Brands Inc. (NYSE:CAG) for the deployment of BE’s fuel cell technology at CAG’s facilities in Ohio.

In a statement on Tuesday, CAG said that the PPA will see approximately 6 megawatts and provide combustion-free electricity generation, supplying approximately 70 percent to 75 percent of the electricity needs at the Troy and Archbold facilities, while also projecting a 19-percent decrease in their greenhouse gas emissions.

The initiative was in line with CAG’s 2030 science-based greenhouse gas reduction target.

“We are delighted to partner with Conagra Brands, a leading branded food company,” said BE C&I Sector Leader Adam Colling. ”Our collaboration underscores Bloom’s commitment to providing clean and reliable energy solutions and driving economic value in grid-constrained regions like Ohio and the greater Midwest.”