Bloom Energy (BE) Extends Boost on 4th Day on New Deal with AI Firm

We recently published Rally Alert: 10 Stocks That Just Made Investors Richer. Bloom Energy Corporation is one of the best-performing stocks on Thursday.

Bloom Energy extended its winning streak to a fourth consecutive day on Thursday, soaring 22.95 percent to close at $33.06 apiece, as investor sentiment was bolstered by its newly bagged deal to power AI data centers in the US.

In a statement, Bloom Energy Corporation said it inked a deal with Oracle Corporation to deploy its fuel cell technology at the latter’s select cloud infrastructure centers.

Bloom Energy Corporation said it will begin to deliver the technology within 90 days.

“Customers expect to run their AI workloads and new AI applications at peak performance. Bloom’s fuel cell technology will join OCI’s extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled,” said Oracle EVP Mahesh Thiagarajan.

Meanwhile, Bloom Energy Corporation is scheduled to release the results of its second quarter earnings performance after market close on Thursday, July 31.