Bank of New York Mellon Corp purchased a new stake in Bloom Energy Corporation during the second quarter.
The investment firm acquired 979,231 shares, according to its latest SEC Form 13F filing. This position is worth approximately $296.41 million.
The acquisition gives BNY Mellon ownership of roughly 0.34% of the company.
Rising demand for AI data center power solutions drove the investment decision. Bloom Energy's recent quarterly report highlighted significant year-over-year revenue growth.