Bloom Energy Shares Surge on Major Data Center Deal, Sparking Valuation Concerns

Bloom Energy’s stock is experiencing a powerful upward trajectory, with its shares climbing more than 40% since the start of the year and consistently reaching new all-time highs. This rally is fueled by a multi-billion dollar order that significantly strengthens the company’s position within the rapidly expanding market for artificial intelligence (AI) data center infrastructure. However, the stock’s dramatic appreciation is now drawing scrutiny from market observers concerned about its stretched valuation.

The catalyst for the recent sharp price movement is an expanded partnership with utility giant American Electric Power (AEP). In a deal valued at approximately $2.65 billion, AEP has ordered solid-oxide fuel cells from Bloom Energy Read more...