Bloom Energy soars on deal with Oracle to deliver power to AI centers

Bloom Energy

24/07/2025 15:41

** Shares of fuel-cell maker Bloom Energy BE.N jump 21% to $32.54, highest since November 2021

** Company partners with Oracle ORCL.N to deploy its fuel cell technology at select Oracle Cloud Infrastructure data centers in U.S.; to deliver onsite power within 90 days

** "We continue to see strong global demand for OCI services across our entire data center portfolio including our large gigawatt AI data centers," Oracle Cloud Infrastructure Executive Vice President Mahesh Thiagarajan says

** "We believe BE's fuel cells solution is unique in its ability to bring onsite baseload power to existing datacenters in dense urban areas where other power solutions such as gas turbines are not feasible," RBC Capital Markets analyst Christopher Dendrinos says

** Including session's moves, BE shares up 42.7% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))