Shares of Bloom Energy Corporation (BE) gained nearly 20% on Tuesday morning after expanding its partnership with Oracle Corporation (ORCL).
The stock is currently trading at $210.91, up $34.24 or 19.38%, on the NYSE. It opened at $202.78 after closing the previous session at $176.67. The stock has traded between $16.01 and $212.95 over the past 52 weeks.
Bloom Energy signed a deal to supply up to 2.8 gigawatts of fuel cell capacity to support Oracle's AI and cloud infrastructure, with 1.2 gigawatts already under deployment.
The agreement highlights rising demand for reliable, high-density power solutions as AI data centers scale rapidly.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.