On July 6, Bloom Energy rose 3.3% in pre-market trading, trading at approximately $282.97 per share, with turnover of $2.2774 million. The stock continues to be buoyed by the company's landmark partnership expansion with Brookfield Asset Management.
On the news front, Bloom Energy and Brookfield announced that their collaboration framework for powering AI infrastructure has expanded dramatically from $5 billion to $25 billion — a fivefold increase. The financing, part of Brookfield's AI Infrastructure Fund launched in November with a $100 billion deployment target, will support global expansion of the companies' fuel cell partnership. This deal further solidifies 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 to build and operate a fuel cell power facility for large-scale AI data centers, reinforcing the positive fundamental outlook. UBS recently raised its price target on Bloom Energy to $350 from $322, maintaining a Buy rating.
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