Bloom Energy Shares Surge Following 1.6 GW Data Center Fuel Cell Contracts
Bloom Energy (BE) shares rebounded sharply on Monday, rising over 13% after a period of significant volatility following the midterm elections. The stock had previously plunged 22% due to investor concerns regarding potential legislative hostility toward AI data centers and their off-grid power requirements. The recovery is driven by two major new contracts totaling 1.6 gigawatts (GW) of fuel cell capacity. Bloom signed a 900 MW deal with NTT DATA for global projects and a 702 MW deal with Google for its Wyoming data center campus. While the full revenue realization will be gradual, analysts estimate the combined value of these contracts could exceed $9 billion.