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Home/News Feed/Bloom Energy shares jump 13% after AI data center partnership with Nebius Group

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Bloom Energy shares jump 13% after AI data center partnership with Nebius Group

Market News

12 Aug 2026

24/7 Wall Street

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Bullish

Bloom Energy's stock surged 13% following Nebius Group's announcement that it selected Bloom as its power partner for a major AI data center in Vineland, New Jersey. This partnership addresses power supply challenges with Bloom's fuel cells, offering reliable, low-emission onsite power and helping Nebius overcome local opposition to gas generation. The deal supports Bloom's growth narrative in AI data center power solutions, with the company reporting strong Q2 revenue growth of 165.5% year-over-year. The broader fuel cell sector also gained, reflecting increased investor interest in AI-driven power technologies.

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