Bloom Energy (NYSE: BE) investors are having a terrific Friday, as shares of the renewable energy company surged 47.8% through 10:30 a.m. ET. Last night, Bloom Energy announced a deal to supply up to 1 gigawatt's-worth of fuel cells to electric utility American Electric Power (NASDAQ: AEP).

Bloom Energy is stealing the spotlight, with shares rocketing nearly 50% today to a new 52-week high of $20.95. This follows a 20% surge last week after a stronger-than-expected e

Heading into the report, analysts forecast Bloom Energy would earn $0.08 per share on sales of $382.2 million. In fact, Bloom's Q3 sales were only $330.4 million, and instead of earning a profit, Bloom lost money -- $0.01 per share pro forma, and $0.06 per share, according to generally accepted accounting principles ( GAAP ).