Bloom Energy Stock Rallies After The Bell — Here's Why

Benzinga_recent_news07-01 04:41

The companies announced that Brookfield has increased its framework to finance power projects from the previously announced $5 billion to $25 billion. “When we formed this partnership, we said it was...

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Bloom is uniquely positioned to address the urgent need for clean, reliable power to support the rapid growth of AI,” Joshi added. \nAccording to data from Benzinga Pro, Bloom Energy shares were up 13.97% at $345 in Tuesday’s extended trading, after gaining 10.07% in the regular session.\nOver the past month, Bloom Energy has gained about 20.5% versus a 1.1% decline in the S&P 500 and is up roughly 269% year-to-date compared to the index’s 8.9% gain. The stock is trading near its 52-week high of $351.28.Bloom Energy, a leader in clean energy technology, has seen its market cap soar to $95.15 billion, reflecting its connection to the AI buildout and a broader shift towards sustainable energy solutions. \nPhoto: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648759640","isCrawlerRequest":true}