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Bloom Energy shares jumped 9.7% to $194.13 in after-hours trading Monday.
Bloom Energy will supply up to 2.8 gigawatts of fuel cell energy systems for Oracle.
KEY POINTS
- Oracle has already contracted 1.2 gigawatts from Bloom with deployments extending into next year.
- The expanded partnership specifically supports Oracle's AI and cloud-computing infrastructure buildout.
- This move marks a shift by Oracle toward distributed, onsite energy generation for digital infrastructure.
- Bloom Energy's shares surged over 9% in after-hours trading following the announcement.
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