On June 24, Bloom Energy rose 3.11% in pre-market trading, trading at $332.71/share with turnover of $13.0151 million, extending its recent rebound trajectory.
On the news front, the company secured a significant long-term partnership with Brookfield focused on AI data center infrastructure. Under the agreement, Bloom Energy will build and operate a fuel cell power generation facility in Wyoming, with a total contract value of approximately $2.65 billion over a 20-year term. The collaboration aims to leverage Bloom Energy's solid-oxide fuel cell technology to provide stable, continuous power for large-scale AI data centers and AI factories.
Additionally, the previously feared cancellation of the 1.8GW data center project in Cheyenne, Wyoming has been definitively put to rest. Electric utility Black Hills confirmed it will continue advancing construction, with operations expected to commence in early 2028. The project originally planned to deploy approximately 900MW of Bloom Energy fuel cell systems. Furthermore, Oracle's upward revision of its cloud infrastructure growth forecast to 77% continues to enhance order visibility for Bloom Energy as Oracle's core SOFC supplier.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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