On July 2, Bloom Energy rose 3.12% in regular trading, trading at $298.915/share, with turnover of $695 million.

On the news front, UBS raised its price target on Bloom Energy from $322 to $350 while maintaining a Buy rating. The upgrade comes on the heels of the company announcing a fivefold expansion of its AI infrastructure power financing partnership with Brookfield Asset Management, increasing the framework from $5 billion to $25 billion. The expanded collaboration is part of Brookfield's AI Infrastructure Fund, which targets $100 billion in total deployment.

The $25 billion financing framework is designed to accelerate the global deployment of Bloom Energy's solid-oxide fuel cell technology for AI data center power supply. The company's SOFC modules can be deployed within six months, a significant advantage over traditional power plant construction timelines. Bloom Energy has also recently secured over $5 billion in large long-term contracts with entities including American Electric Power, further solidifying its position as a core power supplier for AI data centers.

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