NEBIUS Shares Surge Following AI Power Infrastructure Deal with Bloom Energy

Stock News05-21 22:52

On Thursday, shares of NEBIUS (NBIS.US) surged more than 17% in early trading, bringing its year-to-date gain to 170%. The stock was trading at $226.57. The move followed the company's disclosure in a filing with the U.S. Securities and Exchange Commission that its subsidiary entered into a master fuel cell capacity agreement and related system order with Bloom Energy on May 14. Under the terms of the agreement, NEBIUS will pay monthly service fees, totaling up to $2.6 billion over the contract period, to secure capacity and power from the electricity supply system. The provided power capacity is expected to be deployed in three phases, with a guaranteed capacity of approximately 250 megawatts and a system installed capacity of about 328 megawatts. Bloom Energy will be responsible for the installation, operation, and maintenance of the power supply system.

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