Shares of Bloom Energy Corp (BE) soared 5.04% in after-hours trading on Tuesday following the release of its third-quarter earnings report, which exceeded analyst expectations and highlighted a major strategic partnership in the AI infrastructure space.

The clean energy company reported a revenue of $519 million for Q3, marking a substantial 57% increase year-over-year and surpassing the analyst consensus estimate of $425.7 million. Adjusted earnings per share came in at $0.15, significantly beating the expected $0.09. This performance represents a remarkable turnaround from the $0.01 loss per share reported in the same period last year.

Adding to the positive sentiment, Bloom Energy announced a $5 billion strategic AI infrastructure partnership with Brookfield Asset Management. CEO KR Sridhar attributed the company's growth to surging electricity demand driven by AI and ongoing innovation in the sector. The partnership and strong financial results underscore Bloom Energy's positioning to capitalize on the increasing power requirements of AI technologies, which has become a key focus for investors in the clean energy space.