TLDR
- Bloom Energy stock jumped 10% in after-hours trading on July 1, 2026.
- Brookfield Asset Management raised its financing commitment for Bloom-powered AI projects from $5 billion to $25 billion.
- The funding comes from Brookfield’s AI Infrastructure Fund, targeting global deployment of Bloom’s solid oxide fuel cell systems.
- Bloom’s active 2026 pipeline also includes deals with Oracle and Nebius.
- BMO Capital kept a Market Perform rating with a $279 price target, noting the deal doesn’t represent immediate direct backlog.
Bloom Energy stock surged 10% in after-hours trading on July 1 after the company and Brookfield Asset Management announced a major expansion of their AI data center power partnership. The stock was trading around $302.70 before the after-hours move.
The two companies said Brookfield will raise its financing commitment for Bloom-powered projects from $5 billion to $25 billion — a fivefold increase since the deal was first struck in late 2025.
The funding will come from Brookfield’s AI Infrastructure Fund and is aimed at rolling out Bloom’s onsite solid oxide fuel cell systems to data centers around the world.
The expanded deal signals growing demand from hyperscalers and AI developers who need fast, reliable power that doesn’t depend heavily on the grid. Fuel cells offer always-on, onsite energy — a real draw as AI workloads continue to grow.
Under the structure, Brookfield brings the capital and global reach. Bloom supplies the fuel cell systems, which can be deployed quickly. Together, they’re pushing a model that ties power infrastructure directly into data center design.
Bloom’s Chief Commercial Officer Aman Joshi said the larger commitment reflects how quickly the market is moving, pointing to a wave of large AI power deals. Brookfield’s AI Infrastructure head Sikander Rashid said the expansion cements Brookfield’s standing as a top global investor in AI infrastructure, offering what he called “end-to-end solutions, from electrons to tokens.”
A Busy 2026 for Bloom
The Brookfield expansion isn’t Bloom’s only big move this year. The company has also landed a major deal with Oracle and signed a new agreement with Nebius — adding to what’s shaping up to be a busy pipeline.
Brookfield’s AI Infrastructure Fund, launched in 2025, has a stated goal of deploying $100 billion into AI factories, power systems, compute hardware, and related capital deals. The firm already has over $100 billion invested in digital infrastructure and clean energy.
BMO Capital said the $25 billion figure shouldn’t be read as immediate backlog. Instead, it functions as a programmatic capital structure that lowers financing barriers for customers and could speed up deployment.
BMO outlined three demand scenarios for Bloom, ranging from 2.4 gigawatts to over 5.0 gigawatts of potential deployment, depending on structure, tax treatment, and revenue mix.
What Analysts Are Saying
BMO reiterated its Market Perform rating and $279 price target on July 1. The firm acknowledged the deal signals growing institutional confidence in Bloom’s role in AI infrastructure but held its stance given the early-stage nature of large-scale solid oxide fuel cell adoption.
Wall Street’s broader consensus sits at Moderate Buy, based on nine Buy ratings and 10 Holds. The average price target is $269.42.
Bernstein SocGen Group recently started coverage with a Market Perform rating and a $276 price target. UBS holds a Buy rating, citing a regulatory change allowing large energy users to connect faster to the national transmission system.
Bloom’s board also approved a performance-based restricted stock unit grant for CEO Dr. KR Sridhar, with vesting tied to revenue targets between July 1, 2026, and December 31, 2029.
🚨 Our JUNE Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for June, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
