On May 22, Bloom Energy rose 3.53% in pre-market trading, trading at approximately $319.00 per share, with trading volume of $4.56 million. The stock continued its upward momentum following the disclosure of a landmark commercial agreement with Nebius.
On the news front, Nebius disclosed in a SEC filing that its subsidiary signed a master fuel cell capacity agreement and related system orders with Bloom Energy on May 14. Under the contract, Nebius will pay monthly service fees of up to $2.6 billion in aggregate over the term of the agreement to purchase capacity and associated electricity generated by Bloom Energy's power supply systems. The power capacity is expected to come online in three phases, providing a guaranteed capacity of approximately 250 megawatts and system installed capacity of about 328 megawatts. Bloom Energy will be responsible for installing, operating, and maintaining the power supply systems. Nebius stated that power supply remains the core bottleneck in AI infrastructure development, and Bloom Energy's fuel cells can deliver near-zero-emission clean power on-site to meet the stability requirements of AI workloads.
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