
Shares of Bloom Energy Corp. (BE) soared more than 35% in Monday’s pre-market session after the company announced a $5 billion strategic partnership with Brookfield Asset Management (BAM).
According to the company, Brookfield will invest up to $5 billion to deploy Bloom’s fuel cell technology to power artificial intelligence (AI) data centers.
Bloom Energy added that it is collaborating with Brookfield to design and deliver AI factories globally, which includes a site in Europe that is set to be announced before the end of 2025.
Retail sentiment on Stocktwits around Bloom Energy trended in the ‘bearish’ territory, even as the company was among the top five trending stocks on the platform at the time of writing.
“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,” said KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, while adding that this is the guiding principle of its collaboration with Brookfield.
Get updates to this story developing directly on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.