Bloom Energy Hits Record High as Data-Center Deals Fuel Yearlong 1,300% Rally
Analysts say the run-up already prices in much of the expected growth.
Overview
- Bloom Energy shares set a new high this week with a gain of about 7% before easing on Friday.
- Investors are betting on solid-oxide fuel cells that deliver steady on-site power for AI data centers facing tight grid connections.
- Brookfield’s data-center pact, announced last year at about $5 billion, now has $1.6 billion committed after a new $430 million allocation.
- Bloom expanded its Oracle partnership last month, adding to a visible backlog of planned deployments.
- First-quarter revenue rose about 130% year over year, though a roughly $80 billion market value has some urging patience for a pullback.