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Barchart
Sristi Suman Jayaswal

Nebius Just Gave Bloom Energy a Big Boost. What It Means for BE Stock.

Nebius Group N.V. (NBIS) recently released its quarterly results, and management had some encouraging things to say about Bloom Energy Corporation (BE). During the Q2 earnings call, Chief Communications Officer Tom Blackwell said switching to Bloom’s fuel-cell technology would significantly enhance the company’s planned 300-megawatt AI data center in Vineland, New Jersey, particularly from a community perspective.

Chief Product and Infrastructure Officer Andrey Korolenko added that Bloom’s fuel cells should be deployed quickly, with no significant impact expected on the project timeline. Investors liked what they heard, sending BE stock 12.3% higher on Wednesday, Aug. 12.

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