On June 22, Bloom Energy rose 3.13% in regular trading, trading at $346.0/share, with turnover of $611 million, as the stock continued its upward momentum following a series of landmark contract announcements.

On the news front, Bloom Energy recently secured two transformative agreements that significantly bolster its positioning as a core on-site power solution provider for AI data centers. The company entered a $5 billion global AI infrastructure cooperation agreement with asset management giant Brookfield, focusing on deploying fuel cell technology to power large-scale AI data centers and AI factories. Simultaneously, Bloom Energy signed a $2.65 billion, 20-year power purchase agreement with American Electric Power to build and operate a fuel cell generation facility in Wyoming.

These contracts follow confirmation that the previously disrupted 1.8GW Cheyenne, Wyoming data center project — originally planned to incorporate approximately 900 MW of Bloom Energy fuel cell systems — remains active, with utility Black Hills continuing construction targeted for early 2028. Additionally, Oracle raising its cloud infrastructure business growth forecast to 77% further reinforces AI data center power demand outlook, enhancing Bloom Energy's order visibility as Oracle's core SOFC supplier.

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