Oracle expands Bloom Energy deal days after $400 million stock warrant

Seer Getting ready to make quick money from your investment Blooming Energy.

Oracle on Thursday He issued an order Under the agreement announced in October, it will purchase up to 3.53 million shares of the fuel cell maker at $113.28 per share, for a total investment of $400 million. After closing on Monday, the two companies expanding A previous partnership saw Oracle contract 1.2 gigawatts of capacity from Bloom.

Bloom’s shares rose 15% on the announcement, pushing the stock to nearly $203 and marking a $316 million gain for Oracle above its warrant price. Oracle has until October 9 to implement the order.

According to Monday’s announcement, Oracle plans to supply up to 2.8 gigawatts of Bloom systems in total. The software company signed a 1.2 gigawatt contract, planning to complete deployment in 2027. The companies first came together in 2027. JulyWhen Bloom said it would deliver power to Oracle data centers in the US within 90 days.

“By rapidly deploying Bloom’s reliable, efficient fuel cell energy, we are quickly meeting the demands of our customers in the United States,” Mahesh Thiagarajan, vice president of Oracle Cloud Infrastructure, said in a statement on Monday.

Oracle was already having a good day.

The stock rose nearly 13% in regular trading as investors bought shares of software companies that have been beaten by artificial intelligence concerns. Oracle’s shares are down 20% for the year even after the rally, but gained another 1.5% in extended trading.

Bloom has been one of the biggest beneficiaries of the AI ​​boom as data center developers seek alternative forms of energy to meet growing demand. The company’s fuel cells provide on-site power that can be installed quickly because they do not rely on a connection to the electrical grid.

Bloom’s shares have nearly quadrupled in 2025 and are up more than 100% this year as of Monday’s close. The company’s market value exceeded $50 billion.

Bloom has already positioned hundreds of megawatts of fuel cells through agreements with utility companies such as American Electric Power and data center developers such as Equinix and Oracle. Bloom CEO KR Sridhar, who made an agreement with Brookfield Asset Management in October to install fuel cells in artificial intelligence data centers, said, “AI infrastructure should be built for purpose, speed and scale, like a factory.”

In the statement, it was stated that Oracle, which collected over $100 billion in debt to finance the construction of a massive AI data center, plans to operate Bloom fuel cells in facilities in the USA.

An Oracle spokesperson did not immediately respond to a request for comment.

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