Bloom Energy's Stock Soars on AI Data Center Partnership with CoreWeave

Why Bloom Energy Stock Is Rallying Today - Bloom Energy (NYSE:BE)

Bloom Energy says the partnership underscores its ability to meet the rising energy demands of the AI sector. Bloom Energy Corp BE shares are trading higher Wednesday after the company announced a strategic partnership with CoreWeave. What To Know: After the market close on Tuesday, Bloom Energy announced it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. The data center, which is owned by Chirisa Technology Parks, will facilitate high-density deployments with advanced cooling systems, allowing CoreWeave to offer efficient cloud solutions for AI. Bloom Energy noted that the partnership underscores its ability to meet the rising energy demands of the AI sector. "Bloom Energy is thrilled to have been selected by CoreWeave. This validation from CoreWeave, a leader in AI, is a testament to our leading-edge technology and its importance to AI," said Aman Joshi, chief commercial officer of Bloom Energy. Bloom Energy said its fuel cells are set to be commissioned in the third quarter of 2025. The company also noted that it has solid oxide fuel cells installed at customer sites around the world in an effort to meet the future energy requirements of the global AI industry. Don't Miss: Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling How To Buy BE Stock By now you're likely curious about how to participate in the market for Bloom Energy - be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Bloom Energy, which is trading at $16.37 as of publishing time, $100 would buy you 6.11 shares of stock. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline. BE Price Action: Bloom Energy shares were up 10.3% at $16.63 at time of writing, according to Benzinga Pro. Photo: 3844328 from Pixabay. Market News and Data brought to you by Benzinga APIs

Bloom Energy Stock Booms On AI Data Center Deal: What You Need To Know - Bloom Energy (NYSE:BE)

Bloom Energy notes that the partnership underscores its ability to meet the rising energy demands of the AI sector. Bloom Energy Corp BE shares are rising in extended trading Tuesday after the company announced a strategic partnership with CoreWeave. What Happened: Bloom Energy said it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. The data center, owned by Chirisa Technology Parks, will facilitate high-density deployments with advanced cooling systems, allowing CoreWeave to offer efficient cloud solutions for AI. Bloom Energy noted that the partnership underscores its ability to meet the rising energy demands of the AI sector. "Bloom Energy is thrilled to have been selected by CoreWeave. This validation from CoreWeave, a leader in AI, is a testament to our leading-edge technology and its importance to AI," said Aman Joshi, chief commercial officer of Bloom Energy. Bloom Energy said its fuel cells are set to be commissioned in the third quarter of 2025. The company also noted that it has solid oxide fuel cells installed at customer sites around the world in an effort to meet the future energy requirements of the global AI industry. JPMorgan analyst Mark Strouse maintained Bloom Energy with a Neutral rating on Tuesday and raised the firm's price target from $12 to $14. BE Price Action: Bloom Energy shares closed Tuesday up 3.71%. The stock was up another 10.08% after hours, trading at $16.60 at time of publication, per Benzinga Pro. Read Next: Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done Photo: Courtesy of Bloom Energy. Market News and Data brought to you by Benzinga APIs

Bloom Energy to Equip CoreWeave Data Center with Fuel Cells By Investing.com

SAN JOSE, Calif. - Bloom Energy Corporation (NYSE:BE), known for its solid oxide fuel cell technology, has entered into a strategic partnership with CoreWeave, Inc., aiming to support the energy needs of the AI industry. The collaboration involves Bloom Energy installing its proprietary fuel cells at a CoreWeave high-performance data center in Volo, Illinois, managed by Chirisa Technology Parks. The installation, scheduled for commissioning in Q3 2025, is designed to provide reliable on-site power generation for CoreWeave's cloud-based AI computing solutions. With advanced cooling systems, the data center is set to enable high-density deployments, enhancing CoreWeave's ability to deliver efficient and high-performance services to its customers. Aman Joshi, Bloom Energy's Chief Commercial Officer, expressed the company's enthusiasm about being chosen by CoreWeave and highlighted the significance of Bloom's technology in meeting the energy requirements of the AI sector. Similarly, CoreWeave's Chief Strategy Officer, Brian Venturo, emphasized the partnership's role in achieving sustainability goals while ensuring superior service reliability for their clients. Bloom Energy, with a global installation footprint, is prepared to cater to the broader energy demands of the AI industry. The company's Bloom Energy Server is touted as a clean, cost-effective solution that aligns with the energy needs of various sectors, including data centers, healthcare, and retail, among others. This partnership announcement is based on a press release statement and contains forward-looking statements. These statements, as defined under the Private Securities Litigation Reform Act of 1995, involve expectations about future events, including the AI industry's growth and the timing of the Bloom Energy Servers' deployment. These forward-looking statements are predictions and are subject to risks and uncertainties that could cause actual results to differ materially. Investors are advised to consider the detailed risk factors outlined in Bloom Energy's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2023, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. The company does not undertake any obligation to update these forward-looking statements. In other recent news, Bloom Energy has been making strategic moves in the energy sector. The company has recently partnered with Sembcorp Industries to provide low-carbon electricity in Singapore, a significant step in its growth trajectory. This collaboration has led RBC Capital to maintain its Outperform rating and a $15.00 price target for Bloom Energy. The company's carbon capture technology, combined with its fuel cell system, shows promise in meeting the increasing energy demands and emissions reduction goals, especially for data center customers. Additionally, Bloom Energy has welcomed Gary Pinkus, Chairman of McKinsey & Company in North America, to its Board of Directors, bringing extensive governance, leadership, and executive expertise to the role. Investors should also note the recent financial performance of KE Holdings Inc. The company reported better-than-expected first-quarter results, with earnings per share of $1.21 and revenue of $16.4 billion, surpassing the consensus estimates. JPMorgan (NYSE:JPM) has also reaffirmed its Overweight rating and a $210.00 price target for Bloom Energy, expressing confidence in the company's prospects. These are among the recent developments for Bloom Energy as it continues to advance in the energy sector. Bloom Energy Corporation (NYSE:BE) has been making waves with its strategic partnership aimed at powering the AI industry's energy needs. Reflecting on the company's performance and future potential, InvestingPro data shows a market capitalization of $3.43 billion, indicating the significant scale Bloom Energy has achieved within the energy sector. Despite facing challenges, as evidenced by a negative P/E ratio of -11.32 and an adjusted P/E ratio for the last twelve months as of Q1 2024 standing at -16.38, Bloom Energy's gross profit margin remains robust at 23.6%, underscoring its ability to maintain profitability in its core operations. InvestingPro Tips highlight the company's expected net income growth this year, which aligns with analysts' predictions that Bloom Energy will become profitable within the same timeframe. This anticipated shift towards profitability is a critical factor for investors considering the long-term prospects of Bloom Energy. Moreover, the stock has experienced a significant return over the last week, with an impressive 18.6% increase, suggesting a growing investor confidence in the company's strategic direction and market position. For those looking to dive deeper into Bloom Energy's financials and performance metrics, InvestingPro offers additional tips. By using the coupon code PRONEWS24, readers can get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, gaining access to valuable insights that could inform investment decisions. Currently, there are 9 additional InvestingPro Tips available, which could provide a more comprehensive understanding of Bloom Energy's market dynamics and investment potential. Overall, the partnership with CoreWeave positions Bloom Energy at the forefront of supplying clean energy solutions to the burgeoning AI industry, and the company's financial data suggests a pivotal moment in its growth trajectory.

Bloom Energy surges on AI partnership to deploy fuel cells for on-site power (NYSE:BE)

The data center, owned by Chirisa Technology Parks, will facilitate high-density deployments with advanced cooling systems, allowing CoreWeave to offer efficient cloud solutions for artificial intelligence. Bloom Energy, which noted its fuel cells are set to be commissioned in Q3 2025, said the partnership underscores its ability to meet the rising energy demands of the AI sector. "This validation from CoreWeave, a leader in AI, is a testament to our leading-edge technology and its importance to AI," Bloom Energy (BE) Chief Commercial Officer Aman Joshi said.

Bloom Energy and CoreWeave Partner to Revolutionize AI Data Center Power Solutions

Bloom Energy Corporation (NYSE: BE), a global leader in solid oxide fuel cell technology, announced today a strategic partnership with CoreWeave, Inc. This win underscores Bloom's ability to meet the rising energy demands of the rapidly growing AI sector. Bloom will deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center owned by Chirisa Technology Parks located in Volo, Illinois. The modern data center will allow for high-density deployments with advanced cooling systems, allowing CoreWeave to offer performant and efficient cloud solutions for AI. Bloom's fuel cells are set to be commissioned in Q3 2025. "Bloom Energy is thrilled to have been selected by CoreWeave," said Aman Joshi, Bloom Energy's Chief Commercial Officer. "This validation from CoreWeave, a leader in AI, is a testament to our leading-edge technology and its importance to AI." "We're proud to partner with Bloom Energy and utilize their industry-leading solid oxide fuel cell technology," said Brian Venturo, CoreWeave's Chief Strategy Officer. "This partnership will allow us to deliver unmatched performance and reliability to our customers while advancing our sustainability objectives." With Bloom's solid oxide fuel cells installed at customer sites around the world, Bloom stands ready to meet the energy requirements of the AI industry globally. About Bloom Energy Bloom Energy's mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy's product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom Energy's customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com. Forward Looking Statements This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or the negative of these words or similar terms or expressions that concern Bloom's expectations, strategy, priorities, plans, or intentions. These forward-looking statements include, but are not limited to, expectations concerning the growth of the AI industry and power use, and the timing of deployment of the Bloom Energy Servers. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors including, but not limited to, risks and uncertainties detailed in Bloom's SEC filings. More information on potential risks and uncertainties that may impact Bloom's business are set forth in Bloom's periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 15, 2024, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the SEC on May 9, 2024, as well as subsequent reports filed with or furnished to the SEC. Bloom assumes no obligation to, and does not intend to, update any such forward-looking statements.