Movement Alert|Bloom Energy Rises 3.16% in After-Hours Trading, Major Long-Term Contracts and Wyoming Project Continuation Drive Recovery

Market Focus06-25 04:11

On June 25, Bloom Energy rose 3.16% in after-hours trading, trading at $336.0/share, with turnover of $506 million, extending its recent rebound trajectory.

On the news front, the company has secured major long-term contracts that reinforce its positioning as a core on-site power provider for AI data centers. Bloom Energy entered a partnership with Brookfield focused on AI data center infrastructure, with a total contract value of approximately $2.65 billion over a 20-year term. The company will build and operate a fuel cell power generation facility in Wyoming under the agreement.

Additionally, the previously market-rattling Wyoming Cheyenne 1.8GW data center project has been confirmed as not terminated. Utility company Black Hills stated it will continue advancing construction, with operations expected to begin in early 2028. The project originally planned to incorporate approximately 900MW of Bloom Energy fuel cell systems. These developments, combined with Oracle raising its cloud infrastructure business growth forecast to 77%, continue to enhance order visibility for Bloom Energy as Oracle's core SOFC supplier.

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