Bloom Energy Corp. (BE) is having a good Monday, and you can thank the AI boom for that. The fuel cell company's stock is riding a wave of optimism after Anthropic, the AI firm behind Claude, reported some eye-popping revenue numbers.

Anthropic's second-quarter revenue surged more than 14-fold compared to the same period last year, according to Bloomberg News. The company pulled in preliminary revenue exceeding $11.5 billion for its latest completed quarter, up from just $787 million a year earlier. Those numbers come from documents Bloomberg reviewed, so take them with a grain of salt, but they're clearly moving markets.

AI's Power Hunger Is Real

Here's the connection: when AI companies grow that fast, they need massive computing power, and that means massive data centers. Data centers need electricity, and lots of it. That's where Bloom Energy comes in with its solid oxide fuel cell systems that can generate power on-site.

This isn't just theoretical. On Friday, Bloom stock was already moving higher as traders focused on data center energy demand tied to expansion at CoreWeave, a cloud provider that uses Bloom's fuel cells for on-site power. CoreWeave just posted second-quarter results that beat Wall Street expectations, with $2.58 billion in revenue and a backlog of $104 billion. That's a lot of potential future power needs.

What the Charts Say

For the chart-watchers out there, Bloom Energy is in an interesting spot. The stock is still in a strong longer-term uptrend, trading 29% above its 200-day simple moving average (SMA) of $184.56, even after cooling off from its June peak. It's also 12.5% above its 20-day SMA of $211.48, but it's still 3.7% below its 50-day SMA of $247.24. So the near-term picture is more about repair than breakout.

The RSI, a momentum indicator, is sitting at 50.91, which is basically neutral. That suggests the stock isn't overbought or oversold, and it's more likely in a digestion phase than a momentum chase. In plain English, RSI helps you see if buying or selling has gotten out of hand; a mid-range reading often means the stock is range-bound and waiting for a catalyst.

The moving average structure is a bit mixed. The 20-day SMA is below the 50-day SMA, which is a bearish short-term crossover, but the 50-day SMA is still above the 200-day SMA, keeping the longer-term trend constructive. So the trend is up, but the short-term is choppy.

Key levels to watch: BE put in a swing high in June and a swing low in July. Traders are watching whether this bounce can build a higher low and start pushing back toward that June supply zone.

At the time of publication on Monday, Bloom Energy shares were up 5.29% at $242.10.