Bloom Energy stock maintained positive momentum following a major AI data center order. Supplier Federal Pacific secured its largest-ever contract to provide switchgear for a Bloom-backed project. The deal underscores rising demand for power solutions to support artificial intelligence infrastructure.
Market sentiment improved further after Jim Cramer recommended the stock. Barclays also reportedly increased its price target for the company.
These gains follow a significant share price increase over the past year. Investors continue to evaluate the company's high valuation despite recent growth.