Bloom Energy and Oracle Collaborate to Power AI Data Centers with Fuel Cell Technology

Bloom Energy Stock Jumps On Deal To Power Oracle's AI Data Centers - Bloom Energy (NYSE:BE)

Shares of Bloom Energy Corp BE are surging Thursday morning after the company announced a collaboration with Oracle Corp ORCL. Bloom will deploy its proprietary fuel cell technology to provide onsite power for select Oracle Cloud Infrastructure data centers across the U.S. This agreement adds Oracle to a list of Bloom's key digital infrastructure clients, including Equinix and Quanta Computing. The company has meanwhile deployed over 400 megawatts to power data centers globally. What To Know: The move is designed to support the growing demand for Oracle's AI and cloud computing services. A key feature of the agreement is Bloom's commitment to deliver a highly reliable and cost-efficient power solution for an entire data center within an accelerated 90-day timeframe, addressing the urgent power needs of the burgeoning AI sector. Mahesh Thiagarajan, an OCI Executive Vice President, stated that Bloom's technology will "join OCI's extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power." Benzinga Edge Rankings: According to data from Benzinga Edge, which provides scores to help identify strong investment opportunities, Bloom Energy shows exceptional strength in two key areas. The company earns a very high Growth score of 99.16 and a strong Momentum score of 89.61. This combination suggests the company has robust potential for expansion and has been performing well in the market recently. Conversely, its Value score is notably low at 11.47, indicating that the stock may be considered expensive relative to its fundamental metrics at its current price. Price Action: According to data from Benzinga Pro, BE shares are trading higher by 24.2% to $33.39 Thursday morning. The stock has a 52-week high of $33.21 and a 52-week low of $9.02. Read Also: What's Going On With Plug Power Stock? Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy BE Stock Besides going to a brokerage platform to purchase a share - or fractional share - of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. For example, in Bloom Energy's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. Image: Shutterstock BEBloom Energy Corp$33.3323.9%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum89.61Growth99.16QualityN/AValue11.47Price TrendShortMediumLongOverviewORCLOracle Corp$241.59-0.13% This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Why Shares of Bloom Energy Are Soaring Today | The Motley Fool

As artificial intelligence (AI) tools continue to escalate in popularity, demand for cloud computing is booming. This has led Oracle to partner with Bloom Energy for securing the power to keep its data centers operating smoothly. The new partnership will see Bloom Energy deploy its fuel cell solutions at certain Oracle Cloud Infrastructure (OCI) data centers located in the United States. Speaking to the value of the partnership, Aman Joshi, Bloom Energy's chief operating officer, stated: Oracle Cloud Infrastructure requires power solutions engineered to meet the performance and reliability demands of today's most advanced AI and compute workloads.This significant collaboration provides Oracle with ultra-reliable, clean, and cost-efficient power that supports its growth strategy with the speed and certainty it needs. According to Bloom Energy, it will deliver its fuel cell-generated power for an entire data center within 90 days. It's unlikely that Bloom's deal with Oracle, in its current form, will be a game changer for Bloom. However, investors are, undoubtedly, charged up about the prospects of the company inking similar deals in the future. AI companies are making massive investments in data center infrastructure, and this may be the start of data center companies choosing hydrogen and fuel cell companies to meet their power needs. Achieving varying degrees of profitability, Bloom Energy is one of the most alluring options for investors seeking fuel cell exposure, and this deal makes the company that much more interesting.

Oracle and Bloom Energy Collaborate to Deliver Power to Data Centers at the Speed of AI

Bloom Energy announced that it will deploy its fuel cell technology at select Oracle Cloud Infrastructure (OCI) data centers in the U.S. To support the growing demand for OCI's AI and cloud computing services, Bloom Energy will deliver highly reliable and cost-efficient onsite power for an entire data center within 90 days. Bloom's systems also deliver clean power with virtually no air pollution and no water use, contributing to Oracle's use of sustainable energy sources to power Oracle Cloud. Bloom Energy's energy solutions power the world's most critical digital infrastructure, following agreements with Equinix, American Electric Power (AEP), and Quanta Computing. To date, Bloom Energy has deployed over 400 MW to power data centers worldwide.