Bloom Energy rises with data-center power stocks

Bloom Energy Corp. (NYSE: BE) shares were trading higher Thursday alongside other data-center infrastructure names as weaker oil prices and lower bond yields helped risk assets recover. WTI crude slipped 1.6% to 100.81 per barrel, while Brent fell 2.5% to 103.23, its lowest level in a week. Wednesday’s decision saw Fed Chair Kevin Warsh and every voting member of the FOMC agree to raise the federal funds rate by a quarter point, leaving it in a fresh 3.75%-4% range.

Treasury yields were falling below the 5% mark, while Bloom Energy’s move was being linked to the broader rebound in growth stocks rather than to any direct change in its own operating costs. Generac Holdings Inc. unveiled a fresh arrangement tied to Amazon’s data center expansion, giving Amazon’s investment arm the right to buy up to roughly 1.7 million shares at just above $200 each. If fully exercised, the option could amount to an $8 billion stake.

Vicor Corp. also added to the sector’s momentum Thursday, disclosing a non-exclusive licensing deal with an unnamed manufacturer for its Vertical Power Delivery technology. The hardware is designed to route power efficiently into demanding AI and networking chips. Neither agreement involves Bloom Energy directly, but both are being seen as read-throughs for the broader data center power market in which Bloom competes.

Generac’s multibillion-dollar backup power agreement with Amazon and Vicor’s AI chip power licensing deal both point to stronger hyperscaler demand for on-site power infrastructure, a trend investors may view as supportive for fuel cell providers such as Bloom. Bloom Energy shares were up 3.69% at 279.99 at the time of publication on Thursday, according to Pro. The update also referred to the S&P 500, Dow and Nasdaq 100 futures gaining despite a 25 bps Fed rate hike.