Bloom Energy (BE) Jumps 37% on New Deal with AI Firm

We recently published 10 Stocks Surprise Wall Street with Double-Digit Gains. Bloom Energy Corporation (NYSE:BE) is one of the biggest performers recently.

Bloom Energy saw its share prices soar by 37.41 percent last week to finish at $34.34 versus the $24.99 as investor sentiment was boosted by its newly bagged deal with an AI infrastructure company while repositioning portfolios ahead of its earnings release.

In a statement earlier last week, Bloom Energy Corporation (NYSE:BE) 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 (NYSE:BE) 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 (NYSE:BE) is scheduled to release the results of its second-quarter earnings performance after market close on Thursday, July 31.

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