Brookfield Asset Management

BAM

Market cap $90.7B

Would you pay 18 times revenues for shares of a 24-year-old fuel cell maker that has never turned a profit?

Bloom Energy Corp (NYSE:BE) stock is near the top of the New York Stock Exchange (NYSE) today, last seen up 30.2% to trade at $108.97, after earlier hitting a record high of $110.63.

Bloom Energy Corporation (NYSE:BE) shares surged 24% in early trading on Monday, adding about $6 billion to the company's market value, after Brookfield Asset Management said it would invest up to $5 billion in Bloom's fuel cell technology to power data centers worldwide. The two companies plan to design and build “AI factories” that use Bloom's clean-energy systems, with the first European site expected to be announced later this year.

Bloom Energy (BE) rallied more than 20% to kick off Monday's trading session. Alex Coffey explains how energy demand building for the A.I.

Shares of Bloom Energy jumped sharply Monday after the company announced a major partnership with Brookfield Asset Management to supply power for artificial intelligence (AI) data centers. The deal marks one of the most significant investments yet aimed at addressing the growing energy demands of AI infrastructure.

Brookfield will use Bloom Energy's fuel cells in AI data centers.

Bloom Energy (NYSE: BE), a global leader in power solutions, and Brookfield have announced a $5 billion strategic partnership to build next-generation AI factories that integrate power, and data infrastructure. Bloom's clean, scalable fuel cells will provide reliable onsite energy, while Brookfield contributes its global expertise in infrastructure development and financing.

NEW YORK, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Brookfield and Oaktree have agreed on a proposed transaction whereby Brookfield will acquire the approximately 26% interest in Oaktree that it does not already own. Upon completion of the proposed transaction, Brookfield will own 100% of Oaktree, one of the world's premier credit managers, further strengthening Brookfield's market-leading and broad-based credit platform.

Shares of Bloom Energy surged Monday after striking a deal with Brookfield to deploy fuel cells for artificial intelligence data centers.

Brookfield Asset Management said on Monday it will invest up to $5 billion in Bloom Energy's fuel cell technology to power artificial intelligence (AI) data centers.