BE Stock Jumps Overnight: Oracle’s Massive AI Campus Embraces Bloom’s Fuel Cell Power

• Project Jupiter, a $1.5 billion AI data center in the El Paso–Juárez Borderplex, will run on Bloom’s fuel cells.
• Bloom’s fuel cells produce power without burning fuel, cutting emissions and water use. 
• Barclays increased its price target on Bloom Energy to $177 from $153 ahead of first-quarter earnings.

Bloom Energy (BE) stock gained nearly 3% in overnight trading late Monday as the company emerges as a key supplier of advanced artificial intelligence infrastructure amid demand for reliable power outpacing traditional grid capabilities.

On Monday, Oracle (ORCL) and BorderPlex Digital Assets confirmed that Oracle's Project Jupiter campus in Doña Ana County will run entirely on Bloom Energy's fuel cells.

BE’s Fuel Cells Take Center Stage In AI Expansion

Project Jupiter, a $1.5 billion AI data center in the El Paso–Juárez Borderplex area, will be powered by Bloom’s fuel cells. The updated plan removes earlier ideas of using gas turbines and diesel generators and instead runs everything through a single shared microgrid. 

Bloom’s fuel cells generate electricity without burning fuel, which helps reduce pollution and save water. Oracle expects nitrogen oxide emissions to fall by about 92%, and the facility will use very little water because of its cooling design. 

Once centered on supplying energy solutions to commercial buildings and institutions, Bloom Energy is now aligning itself with the fast-growing AI infrastructure sector. With a multi-year scope, the Project Jupiter contract is likely to provide consistent, predictable revenue over the long term.

“Bloom’s fuel cell technology will power what is expected to be one of the largest data center microgrids operating in the United States at the time of completion.”

-Aman Joshi, chief commercial officer, Bloom Energy

ORCL Commits To Cover Energy Costs 

Oracle said it will cover the project’s power costs, aiming to prevent any increase in local electricity bills or added strain on the grid. 

“Our energy solution not only dramatically reduces water use, it is also cleaner, quieter, and helps protect electricity rates for local residents. This is a model that can be replicated across America—it is digital power for the digital age,” said Joshi. 

The latest update is part of an expanded partnership between Bloom Energy and Oracle, announced on April 13, under which the latter plans to purchase up to 2.8 gigawatts of Bloom’s fuel cell systems for its AI and cloud infrastructure.

Additionally, on Monday, Barclays increased its price target on Bloom Energy to $177 from $153 ahead of first-quarter earnings, while reiterating an ‘Equal Weight’ rating. The firm pointed to stronger commercial traction but flagged concerns that the stock’s current pricing already reflects optimistic growth expectations.

Bloom will report its fiscal Q1 earnings on Tuesday, with analysts expecting revenue of $540 million and earnings per share of $0.13, according to Fiscal AI data. 

BE stock has gained 170% year-to-date. 

Also See: ETN, GEV, NEE, PWR, VRT Stocks Stand To Gain After US Flags Power Grid As Defense Priority

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