AT&T (NYSE:T) has entered into a purchasing deal with Bloom Energy.

AT&T Signs Energy Deal

The US carrier AT&T (NYSE:T) has signed a purchasing deal with clean energy provider Bloom Energy to buy an additional 9.6 megawatts of fuel cells for an undisclosed sum of money.

The installation of Bloom Boxes will make AT&T (NYSE:T) the largest non-utility customer of Bloom Energy. The carrier purchased 7.5 megawatts of fuel cells from Bloom Energy in July 2011.

John Schinter, AT&T (NYSE:T)’s senior energy director, said, “They provide steady, recurring electricity production at a relatively predictable cost, replacing the traditional electricity bill, which can be volatile”.

AT&T Inc. (NYSE:T) stocks were at 38.17 at the end of the last day’s trading. There’s been a 5.0% change in the stock price over the past 3 months.

AT&T Inc. (NYSE:T) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 9 out of 35 in the industry