On July 6, Bloom Energy rose 3.7% overnight, trading at $279.01/share, with turnover of $602,000.
On the news front, Bloom Energy and Brookfield Asset Management announced the expansion of their AI infrastructure power partnership framework from $5 billion to $25 billion — a fivefold increase. The expanded financing, part of Brookfield's AI Infrastructure Fund launched in November with a $100 billion deployment target, will support global expansion of their fuel cell partnership to power large-scale AI data centers. This deal further consolidates Bloom Energy's position as a core on-site power solution provider for AI data centers. Additionally, the company recently secured a roughly $2.65 billion, 20-year contract in Wyoming, reinforcing its long-term revenue visibility. UBS recently raised its price target on the stock to $350 from $322, maintaining a Buy rating.
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