Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg News reported Tuesday, citing Chief Executive K. R. Sridhar.

The company, which recently signed a deal with Oracle (ORCL) to supply up to 2.8 gigawatts of power for data centers, can recover the cost of building new manufacturing capacity within six months via sales, Sridhar told the news outlet.

Bloom Energy estimates it needs about $100 million to $150 million in investment to produce one gigawatt of fuel cells, according to the report.

The company's shares were up 2.9% in premarket activity.

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