On May 21, Bloom Energy rose 3.15% in pre-market trading, trading at approximately $291.32 per share, with trading volume of $8.99 million.
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 totaling up to $2.6 billion over the agreement term to purchase capacity and associated electricity generated by Bloom Energy's power supply systems. The project is expected to come online in three phases, providing guaranteed capacity of approximately 250 megawatts and system installed capacity of about 328 megawatts, with Bloom Energy responsible for installation, operation, and maintenance.
This agreement adds to Bloom Energy's expanding order pipeline following its record Q1 results — revenue of $751 million and adjusted EPS of $0.44, both significantly exceeding expectations — and the previously announced 2.8 GW deal with Oracle for AI data center power supply. The continued signing of large-scale contracts reinforces the company's growth trajectory in meeting surging AI-driven electricity demand.
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