Bloom Energy Corp (NYSE:BE) shares are trading higher in Monday’s after-hours session after the company announces an expanded strategic partnership with Oracle.



<ul>
<li>Bloom Energy stock is trading at elevated levels. What’s ahead for BE stock?</li>
</ul>



<h2>Bloom Energy Expands Oracle Partnership</h2>



Bloom Energy announced an expanded partnership with Oracle Corp (NYSE:ORCL) to support the buildout of its AI and cloud computing infrastructure. 



Oracle plans to procure up to 2.8 gigawatts of Bloom Energy’s fuel cell systems under a master services agreement. An initial 1.2 gigawatts of capacity has already been contracted. Deployment is underway and is expected to continue into next year.



“We are delighted to expand our relationship with Oracle following an initial successful deployment,” said Aman Joshi, chief commercial officer at Bloom Energy.



“Together, we are defining a shared vision for the future of energy and AI infrastructure, with Bloom advancing its position as the standard for onsite power.”



<h2>BE Shares Rise After Hours</h2>



BE Price Action: Bloom Energy shares were up 9.74% in after-hours, trading at $193.93 at the time of publication on Monday, according to Benzinga Pro.



<div class="bz-read-next-block">




Read Also:

Bill Ackman Tells Robinhood's Tenev Best Businesses In The World Are At 'Some Of The Lowest Valuations In Their History'




</div>


Image: Shutterstock.com

ORCL

GRID

Bloom Energy shares surged 9.74% in after-hours trading following the announcement of an expanded partnership with Oracle. The collaboration aims to enhance Bloom Energy's AI and cloud computing infrastructure, with Oracle set to procure up to 2.8 gigawatts of fuel cell systems. An initial 1.2 gigawatts has already been contracted, with deployment expected to continue into next year. Bloom Energy's chief commercial officer expressed excitement about the partnership, highlighting a shared vision for the future of energy and AI infrastructure.

benzinga_article

Oracle

Bloom Energy

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Global X Cloud Computing ETF

Pacer Data & Infrastructure Real Estate ETF

SPDR S&P Software

ISHRS S&P Glb It

Franklin Exponential Data ETF

Defiance Daily Target 2X Long ORCL ETF

Global X Data Center & Dgtl Infrs ETF

iShares Expanded Tech Software Sector ETF

iShares US Digital Infrastructure and Real Estate ETF

Proshares Big Data Refiners ETF

Bloom Energy Stock Surges On Expanded Oracle Partnership