Bloom Energy Corp's stock surged 5.02% during intraday trading on Thursday, reflecting strong investor interest in the company.

The sharp rise follows the company's announcement of 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, and is designed to accelerate the global deployment of Bloom Energy's solid-oxide fuel cell technology for AI data center power supply.

Concurrently, UBS raised its price target on Bloom Energy from $322 to $350 while maintaining a Buy rating, providing further positive sentiment. The company's technology, which can be deployed within six months for data center power, positions it as a core supplier benefiting from the massive growth in AI-related infrastructure demand.