On July 1, Bloom Energy rose 8.69% in pre-market trading, trading at $329.335/share, continuing its rebound trajectory following a sharp selloff during the Russell Index rebalancing.

The rally is driven by a major partnership expansion announcement. Bloom Energy and Brookfield Asset Management increased their AI infrastructure power financing framework from $5 billion to $25 billion — a fivefold increase achieved in just nine months. The expanded framework, part of Brookfield's AI Infrastructure Fund launched in November with a $100 billion deployment target, will support the global expansion of fuel cell projects powering AI data centers. The companies stated the expansion reflects strong and sustained demand from hyperscale data center operators for rapid, reliable, and community-friendly power solutions.

Additionally, the stock continues its technical recovery after the June 26 Russell Index semi-annual rebalancing triggered a single-day plunge of 18.49% on extreme passive fund repositioning. With selling pressure fully absorbed, the stock has steadily rebounded. Bloom Energy has also recently secured over $5 billion in large long-term contracts with American Electric Power and other institutions, reinforcing its positioning as a core power supplier for AI data centers.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)