Nebius Group (NBIS) shares are climbing in Thursday's premarket after the company announced a partnership with Bloom Energy (BE) to power its expanding AI infrastructure. The deal is all about using Bloom's fuel cell technology — known for being efficient and low-emission — to help Nebius build out its AI cloud capacity.
Nebius, which is backed by NVIDIA, is making a big push to become a major player in AI compute globally, and it's putting a premium on clean energy. The first project under the partnership is expected to be operational this year and will feature 328 megawatts of installed capacity. That's a serious chunk of power, and it signals that Nebius isn't messing around when it comes to scaling up.
Earnings Snapshot
This news comes on the heels of a blowout first-quarter earnings report last week. Nebius reported an adjusted loss of 33 cents per share for the quarter ended March 31 — though that figure isn't directly comparable to analyst estimates for a 77-cent loss. But the headline number was revenue: $399 million, up a staggering 684% from $50.9 million a year earlier. The company also raised its contracted power guidance to more than 4 gigawatts by year-end, up from 3 GW, signaling that customer demand is surging.
Analyst Consensus & Recent Actions
NVIDIA-backed Nebius carries a Buy rating from analysts, with an average price target of $204.38. Here are some recent moves:
- DA Davidson: Neutral (Target $250.00) (May 18)
- Citigroup: Buy (Raises Target to $287.00) (May 15)
- Morgan Stanley: Equal-Weight (Raises Target to $144.00) (May 14)
DA Davidson analyst Alexander Platt said the results highlighted "continued demand signals across customer demographics," while the company also raised its 2026 contracted power outlook from 3GW to 4GW.
Technical Analysis: Momentum and Key Levels
Over the past 12 months, Nebius shares have surged 392.86%, reflecting strong long-term momentum. The stock is currently trading at $193.90, well above its moving averages: 15.1% above the 20-day simple moving average (SMA) of $176.54, 38.4% above the 50-day SMA of $146.79, and 88.2% above the 200-day SMA of $108.00.
The MACD is above its signal line, suggesting that downside pressure is easing and supporting the bullish trend. This aligns with the positive news from the partnership announcement.
Key Resistance: $233.73 — the 52-week high, which could act as a psychological barrier. Key Support: $181.58 — near the 20-day exponential moving average (EMA), providing a potential cushion if the stock pulls back.
Price Action: Nebius shares were up 8.40% at $207.94 during premarket trading on Thursday.
