Bloom Energy lands multi‑billion Nebius contract, fuel‑cell stocks surge

Bloom Energy announced a multi‑billion‑dollar contract with Nebius, putting the fuel‑cell specialist back in the spotlight. The deal coincided with a sharp rise in fuel‑cell equities on Wall Street. On Wednesday, Bloom Energy shares jumped about 8%, leading gains for other fuel‑cell players such as FuelCell and Ballard Power.

Investors cite mounting energy demand, especially from AI‑driven data centers, as a catalyst for the rally. The rally reflects renewed market optimism for hydrogen and fuel‑cell technologies following the large order.