Bloom Energy Corp (NYSE:BE) shares are trading higher Wednesday after the company announced a strategic partnership with CoreWeave.
What To Know: After the market close on Tuesday, Bloom Energy announced it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois.
The data center, which is owned by Chirisa Technology Parks, will facilitate high-density deployments with advanced cooling systems, allowing CoreWeave to offer efficient cloud solutions for AI. Bloom Energy noted that the partnership underscores its ability to meet the rising energy demands of the AI sector.
"Bloom Energy is thrilled to have been selected by CoreWeave. This validation from CoreWeave, a leader in AI, is a testament to our leading-edge technology and its importance to AI," said Aman Joshi, chief commercial officer of Bloom Energy.
Bloom Energy said its fuel cells are set to be commissioned in the third quarter of 2025. The company also noted that it has solid oxide fuel cells installed at customer sites around the world in an effort to meet the future energy requirements of the global AI industry.
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How To Buy BE Stock
By now you're likely curious about how to participate in the market for Bloom Energy – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Bloom Energy, which is trading at $16.37 as of publishing time, $100 would buy you 6.11 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
BE Price Action: Bloom Energy shares were up 10.3% at $16.63 at time of writing, according to Benzinga Pro.
Photo: 3844328 from Pixabay.