Bloom Energy Stock Surges on AI Data Center Partnership Momentum
Bloom Energy shares extended their meteoric rise, climbing 4.5% intraday after an 80% monthly gain. The fuel cell manufacturer has become an unlikely beneficiary of the AI infrastructure boom, with its stock soaring 380% since mid-July.
The rally accelerated with Monday's announcement of a $5 billion partnership to power AI factories for a global asset manager. This follows Bloom's late-July collaboration with an unnamed tech giant, which first alerted investors to its potential in addressing data centers' massive power demands.
While speculative nuclear plays dominate AI power discussions, Bloom's existing fuel cell technology offers immediate on-site solutions. The company now commands a $28 billion valuation, though investors should note these multi-year projects may create volatile price action ahead.
