Bloom Energy shares jumped 10.9% on May 20, 2026. The surge followed the announcement of a Master Fuel Cell Capacity Agreement with Nebius Inc. This partnership spans three phases over a 30-year period. Bloom Energy will supply, install, and maintain the fuel cell systems.
The deal guarantees approximately 250 megawatts of power capacity. Total installed capacity is expected to reach 328 megawatts. The agreement could generate up to $2.6 billion in monthly service fees.
The market reaction reflects confidence in the long-term revenue stream secured by the contract. This news follows the company’s strong first-quarter earnings report. Bloom Energy also recently raised its financial guidance for the 2026 fiscal year.