On November 6, Bloom Energy Corp rose 9.07% in Regular Trading, trading at $181.61/share, with turnover of $433 million.
The move coincided with news that Bloom Energy Corp signed an agreement with NTT DATA to deploy 900 megawatts of on-site fuel cell power generation across multiple global data center projects, marking Bloom Energy Corp's largest international project to date.
Under the agreement, initial equipment shipments are scheduled to begin in 2027, and both companies said they plan to expand cooperation across NTT DATA's full global data center portfolio with a long-term goal of reaching gigawatt scale. The announcement adds to recent positive catalysts, including a rating upgrade to Overweight with a $289 price target, stronger customer deposits, and better-than-expected quarterly results with raised full-year revenue and earnings guidance.
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