On May 29, Bloom Energy rose 3.04% in regular trading, trading at $303.8 per share, with trading volume of $12.71 billion, rebounding after a prior pullback.
On the news front, Bloom Energy previously signed a landmark long-term fuel cell power supply agreement with European AI infrastructure provider Nebius, valued at up to $2.6 billion. The agreement spans up to 30 years, deploying in three phases to provide approximately 250MW of guaranteed capacity and 328MW of installed capacity under a monthly service fee model, with Bloom Energy responsible for installation, operation, and maintenance. The deal represents a major breakthrough in AI data center power supply following the Oracle 2.8GW super-order.
Additionally, Daiwa Securities upgraded Bloom Energy from Hold to Outperform with a target price raised from $98 to $324, while RBC also lifted its target from $143 to $335, reinforcing bullish institutional sentiment around the company's role in AI computing infrastructure power solutions.
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