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Benzinga
  • 6 minutes ago
Oracle expanded its partnership with Bloom Energy, receiving a warrant to purchase up to 3.53M shares at $113.28, totaling $400M. Oracle contracted 1.2 gigawatts of Bloom fuel cell capacity with plans for up to 2.8 gigawatts by 2027. Bloom shares rose 15% to nearly $203, while Oracle shares gained nearly 13%. Bloom has more than doubled in value this year driven by AI data center demand.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oracle expanded its partnership with Bloom Energy after receiving a warrant to purchase
00:07up to 3.53 million shares at $113.28 per share, totaling $400 million, according to CNBC.
00:16Bloom shares rose 15% to nearly $203, creating a $316 million gain for Oracle based on the
00:23warrant price. Oracle contracted 1.2 gigawatts of capacity and plans to procure up to 2.8
00:30gigawatts, with deployment expected by 2027. Bloom will supply fuel cell energy to Oracle
00:35data centers in the U.S. Oracle shares rose nearly 13% during the session and gained another
00:411.5% after hours. Bloom has benefited from the AI boom as data center developers seek alternative
00:48energy sources. Bloom shares have nearly quadrupled in 2025 and are up more than 100% this year.
00:55For all things money, visit Benzinga.com.
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