On July 2, Bloom Energy rose 3.02% in after-hours trading, trading at $298.08/share, with turnover of $44.21 million.

On the news front, UBS raised its price target on Bloom Energy from $322 to $350 while maintaining a Buy rating. The upgrade comes shortly after the company announced a fivefold expansion of its AI infrastructure power partnership with Brookfield Asset Management, increasing the financing framework from $5 billion to $25 billion. The enlarged collaboration, part of Brookfield's AI Infrastructure Fund targeting $100 billion in total deployment, aims to accelerate the global rollout of Bloom Energy's solid-oxide fuel cell technology for powering AI data centers.

The expanded partnership reinforces Bloom Energy's positioning as a core power supplier for next-generation AI infrastructure, leveraging its fuel cell systems' high reliability, rapid deployment capability, and low-carbon profile to address growing electricity demands from hyperscale computing facilities. The company has also recently secured contracts totaling over $5 billion with Brookfield and American Electric Power.

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