Bloom Energy (BE) Soars to New High on $5-Billion Backing from Brookfield

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Bloom Energy Corp. (NASDAQ:BE) is one of the best performers on Monday.

Bloom Energy rallied to a new record high on Monday, cracking past the $100 territory, as investors gobbled up shares after securing a $5 billion investment from Brookfield Asset Management.

During the session, the stock surged to its highest price of $115.2 before trimming gains to end the day just up by 26.52 percent at $109.91 apiece.

In a statement on Monday, Bloom Energy Corp. (NASDAQ:BE) said the fresh funds will be used for the deployment of advanced fuel cell technologies to power artificial intelligence infrastructures, as both firms aim to meet the growing compute and power demands of AI.

Additionally, both firms are actively collaborating for the design and delivery of AI factories globally, including a site in Europe, which is expected to be launched by the end of the year.

“AI infrastructure must be built like a factory—with purpose, speed, and scale,” said Bloom Energy Corp. (NASDAQ:BE) Chairman and CEO KR Sridhar.

“Unlike traditional factories, AI factories demand massive power, rapid deployment and real-time load responsiveness that legacy grids cannot support. The lean AI factory is achieved with power, infrastructure, and compute designed in sync from day one. That principle guides our collaboration with Brookfield to reimagine the data center of the future,” he noted.

While we acknowledge the potential of BE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.