Bloom Energy (Bloom Energy (BE)) shares are climbing in Wednesday's premarket session, and the reason is a big number: $25 billion. That's the expanded financing commitment from Brookfield Corp (Brookfield Corp (BN)) for Bloom's AI infrastructure and data center power projects — a fivefold increase from the previously announced $5 billion.
The move builds on recent momentum for Bloom Energy, which has been positioning itself as a key player in the race to power energy-hungry AI data centers. Investors are now weighing just how big Bloom's role could be.
What's Behind the $25 Billion?
Brookfield's expanded framework sharpens the market's focus on Bloom as a source of "clean, reliable power" for AI-driven electricity demand. Aman Joshi, Bloom's chief commercial officer, said the expanded commitment reflects momentum from recently announced large-scale deals tied to data-center growth. In other words, the market is starting to see Bloom not just as a fuel cell company, but as a critical piece of the AI infrastructure puzzle.
Short Interest: More Bets Against Bloom
Not everyone is convinced. Bloom Energy's short interest rose to 29.78 million shares from 28.56 million in the latest reporting period, meaning more traders are betting against the stock. The short position now represents 11.98% of the publicly available float, while the days-to-cover ratio of 2.81 suggests that bearish traders could exit relatively quickly based on recent trading volume. That's a setup that could lead to a short squeeze if positive news keeps coming.
Technical Levels to Watch
Despite the short interest, the stock remains in a longer-term uptrend, trading above its 20-day and 200-day moving averages. Bullish moving-average crossovers continue to support momentum and keep the trend constructive. With shares near the June 52-week high of $351.28, investors will watch for a breakout or consolidation. The RSI of 53.86 signals neutral momentum, indicating the move has not become overextended.
- Key Resistance: $351.28 — the 52-week high from June is the nearest overhead reference for a breakout attempt.
- Key Support: $285.19 — the 20-day SMA is the closest trend support after the premarket gap higher.
Earnings Preview: What to Expect
The next major catalyst is the company's estimated July 30, 2026, earnings report. Analysts expect EPS of 35 cents, up from 10 cents a year earlier, while revenue is projected to rise to $806.13 million from $401.24 million year over year. That's a significant jump, and it underscores the growth story that Brookfield is betting on.
The stock carries a Buy rating with an average price target of $231.65. Recent analyst moves include:
- Barclays: Equal-Weight (Raises Target to $276.00) (June 23)
- Bernstein: Initiated with Market Perform (Target $276.00) (June 17)
- Barclays: Equal-Weight (Raises Target to $254.00) (May 12)
ETFs Holding Bloom Energy
Bloom Energy also has a notable presence in several clean energy ETFs, which means any significant inflows or outflows from these funds could trigger automatic buying or selling of the stock. Top ETFs include:
- SPDR S&P Kensho Clean Power ETF (CNRG): 7.82% Weight
- NestYield Dynamic Income ETF (EGGY): 7.04% Weight
- VanEck Low Carbon Energy ETF (SMOG): 8.98% Weight
Price Action: Bloom Energy shares were up 7.66% at $325.89 during premarket trading on Wednesday. The stock is approaching its 52-week high of $351.28.
