Bloom Energy Corp (BE) saw its shares surge 5.30% in pre-market trading on Monday, continuing a strong run of positive momentum ahead of the company's upcoming quarterly earnings report.

The rally was driven by multiple catalysts. Brookfield and Bloom Energy announced a significant expansion of their AI infrastructure partnership, scaling it to $25 billion—a fivefold increase in construction and financing aimed at rapidly powering AI infrastructure. Additionally, the Industrial Development Fund and Oaktree Capital unveiled a $1.7 billion investment in Bloom Energy's fuel cell technology to support the expansion of Nebius AI infrastructure. These developments reinforced investor confidence in the company's role in the AI energy ecosystem.

Institutional sentiment also provided a tailwind. UBS maintained a Buy rating with a $350 price target, while RBC Capital Markets noted that short-seller critiques relied on outdated reference material. The stock also benefited from pre-earnings short covering after Bloom Energy previously rejected a short-seller report as false and misleading. With the quarterly earnings report scheduled for release after the market close on Tuesday, traders appear to be positioning for a positive outcome.