Bloom Energy Corporation (NYSE:BE) saw its share prices spike by 37.41% last week, closing at $34.34 due to a new deal with an AI infrastructure company and anticipation for its upcoming earnings release. The company announced a collaboration with Oracle Corporation to deploy its fuel cell technology at select cloud infrastructure centers.

Oracle EVP Mahesh Thiagarajan expressed optimism about the partnership, stating that Bloom’s fuel cell technology will enhance OCI’s AI infrastructure with reliable, clean power. Bloom Energy is set to deliver the technology within 90 days, showcasing its commitment to providing sustainable energy solutions.

Investors are eagerly awaiting Bloom Energy’s second-quarter earnings report on July 31. While BE shows promise, some believe other AI stocks offer greater potential for returns. For those seeking an affordable AI investment with growth potential, consider exploring the best short-term AI stock in a free report.

Read more at Yahoo Finance: Bloom Energy (BE) Jumps 37% on New Deal with AI Firm