Bloom Energy and MiTAC Expand Partnership to Power AI Server Manufacturing with Fuel Cell Microgrid

Bloom Energy-MiTAC Expand On-Site Power Partnership - Bloom Energy (NYSE:BE)

What Is Bloom Energy's Expanded Partnership With MiTAC? Bloom Energy will deploy a fuel cell microgrid at MiTAC's AI server manufacturing campus in Fremont, California. The project expands Bloom's onsite power footprint across MiTAC's California operations. The islanded microgrid will support current operations and future AI server production growth, building on Bloom's existing installation at MiTAC's San Jose facility. Bloom said AI infrastructure customers are increasingly turning to on-site power as grid constraints and lengthy interconnection timelines delay expansion. Its fuel cell systems can be deployed quickly while reducing challenges tied to permitting, water use and noise. Bloom now serves nearly two dozen AI infrastructure customers representing about 250 MW of capacity, up from almost none two years ago. The company has announced data center partnerships with AEP, Brookfield, Equinix, Nebius and Oracle. These deals increase Bloom Energy's exposure to rising AI-driven power demand. Critical Price Levels To Watch For Bloom Energy Bloom Energy remains in a strong long-term uptrend, with shares up 522.17% over the past year, though near-term momentum has cooled. At $237.50, the stock trades 11.6% above its 20-day SMA ($213.39), 6.6% below the 50-day SMA ($255.00), and 31.6% above the 200-day SMA ($180.98). RSI stands at 49.84, signaling neutral momentum after reaching overbought levels in May. The 20-day SMA remains below the 50-day SMA, signaling near-term weakness. However, the 50-day SMA stays above the 200-day SMA, preserving the longer-term bullish trend. Holding near the 100-day SMA ($235.35) and 50-day EMA ($237.13) would support the view that the stock is consolidating within its longer-term uptrend rather than breaking down. * Key Support: $230.50 -- A nearby pivot close to the 100-day SMA. Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price forecast of $274.71 (with targets ranging from $176.00 to $350.00 across 37 analysts). Recent analyst moves include: * Wells Fargo: Equal-Weight (Lowers Target to $176.00) (July 30) * Mizuho: Upgraded to Outperform (Lowers Target to $242.00) (July 30) * Truist Securities: Hold (Lowers Target to $218.00) (July 30) Top ETFs Holding Bloom Energy (BE) Stock Significance: Because BE carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. BE Price Action: Bloom Energy shares were down 1.31% at $225.97 at the time of publication on Friday, according to Benzinga Pro data. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Bloom Energy Corporation and Mitac Computing Technology Corporation Expand Onsite Power Partnership for Ai Server Manufacturing Campus

Bloom Energy Corporation announced an expanded partnership with MiTAC Computing Technology Corporation. As part of the expanded relationship, Bloom will deploy fuel cell systems for an islanded microgrid at MiTAC's AI server manufacturing campus in Fremont, California. The project builds on an existing installation at MiTAC's San Jose manufacturing facility, significantly increasing the company?s overall contracted onsite power capacity. At MiTAC's Fremont campus, the Bloom fuel cell microgrid will provide power needed to support current operations while providing flexibility to expand production as demand for AI infrastructure continues to grow. Bloom's fuel cell technology provides clean, reliable onsite power that can be deployed quickly. Because fuel cells generate electricity through an electrochemical process rather than combustion, they are well suited for locations where permitting timelines, water availability and noise considerations can limit traditional power options. Bloom Energy has already deployed hundreds of megawatts of its fuel cell technology to data centers, enabling some of the world?s most critical digital infrastructure such as its announced partnerships with American Electric Power, Brookfield, Equinix, Nebius, and Oracle.