Bloom Energy shares jump 8.12% after-hours on $2.65B AEP deal and AI data center partnerships.

Bloom Energy surged 8.12% in after-hours trading following the announcement of a $2.65 billion 20-year offtake agreement with an AEP subsidiary and a new partnership with Brookfield Asset Management to supply on-site power for AI data centers. These agreements position the company as a key provider of reliable, low-emission energy for digital infrastructure, aligning with growing demand for AI-driven power solutions. The deals reinforce Bloom Energy’s shift toward long-duration, contracted revenue streams and highlight its competitive edge in solid oxide fuel cell technology. Analysts, including Barclays and Baird, subsequently raised price targets, citing improved margins, rapid deployment capabilities, and strategic alignment with hyperscaler demand. The stock’s rally also followed Q3 earnings that exceeded revenue and EPS estimates, signaling operational momentum ahead of its February 5 earnings report.