Bloom Energy CEO Rules Out Share Sale as Stock Jumps 200% on Oracle 2.8GW Deal
BE•Bloom Energy shares have gained over 200% YTD on soaring AI data-center demand and a deal to supply Oracle with 2.8 gigawatts of fuel-cell power. CEO KR Sridhar says no share sale or capital raise is needed, noting each gigawatt costs $100–$150 million and is recoupable in six months.
1. Stock Soars on Oracle Deal
Bloom Energy shares have risen more than 200% since January, driven by surging demand for clean power solutions in AI data centers and a contract to deliver up to 2.8 gigawatts of fuel-cell capacity to Oracle’s facilities.
2. CEO Rules Out Share Sale
CEO KR Sridhar stated that current cash flow and backlog negate the need for immediate equity issuance or capital raising, highlighting that each gigawatt of modular fuel cells costs $100–$150 million to build and can recover its investment in approximately six months.
