Bloom Energy shares surge 7.32% after-hours on $2.65B AEP fuel cell deal.

Bloom Energy surged 7.32% in after-hours trading following the announcement of a $2.65 billion deal with American Electric Power (AEP) to supply 900 megawatts of solid oxide fuel cells. The agreement, including a 100 MW firm order and a 20-year power purchase agreement, underscores robust demand for decentralized energy solutions amid AI-driven data center expansion. Analysts highlighted the transaction as a catalyst for sustained growth, with Evercore ISI and Clear Street raising price targets to $152 and $68, respectively. The deal also secures long-term revenue visibility, reinforcing investor confidence in Bloom Energy’s role in addressing energy bottlenecks for the AI infrastructure sector.