Oracle Expands Bloom Energy Partnership with 1.2 Gigawatts Contract and Warrant for 3.53 Million Shares

Expanded Partnership Announcement Oracle and Bloom Energy announced an expanded partnership on Monday, with Oracle contracting 1.

2 gigawatts of capacity from Bloom. 8 gigawatts of Bloom systems in total, according to Monday's statement. 2 gigawatts contracted capacity in 2027. S.

Warrant Exercise Details Oracle received a warrant to purchase up to 3.

28 per share for a total of $400 million on Thursday as part of an October agreement. The stock price increase marked a $316 million gain for Oracle over the warrant price.

Stock Market Reactions Bloom Energy's stock rose 15% after hours on Monday to almost $203 following the announcement.

Bloom Energy's shares were up more than 100% for the year as of Monday's close, and the company's market capitalization has topped $50 billion as of Monday. 5% bump in extended trading on Monday. Oracle's stock is down 20% for the year as of Monday even after the rally.

Bloom Energy's shares nearly quadrupled in 2025.

Prior Partnerships and Deals Bloom Energy and Oracle first partnered in July when Bloom announced delivery of energy to U.S. Oracle data centers within 90 days. Bloom Energy has positioned hundreds of megawatts of fuel cells through deals with utilities like American Electric Power and data center developers including Equinix and Oracle.

Bloom Energy struck a deal in October with Brookfield Asset Management to install fuel cells in AI data centers. " Oracle has raised over $100 billion in debt to fund its AI data center buildout.