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Sridhar also said that Bloom Energy can recover the cost of building a new factory in six months through sales.
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The company has announced a series of large-scale AI and data center power agreements over the past few months, including an expanded partnership with Oracle in April.
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BE stock has surged by more than 1,396% over the past 12 months.
Bloom Energy Corp. (BE) is one of the stock market’s biggest winners from the artificial intelligence boom, with shares soaring more than 177% in 2026 as investors bet on surging power demand from data centers.
The company, which is also a supplier to Oracle Corp. (ORCL) and has seen an unprecedented surge in orders from hyperscalers and data centers, does not need to sell shares to meet demand, its CEO, KR Sridhar, said in an interview with Bloomberg News in San Francisco on Monday.
“If there is a need, obviously, we will go and raise money, but there is no reason to just go raise money for us right now,” Sridhar told Bloomberg.
Sridhar also noted in the interview that Bloom Energy can recover the cost of building a new factory in six months through sales.
Bloom’s Recent AI Deals
Bloom Energy has announced a series of large-scale AI and data center power agreements over the past few months, underscoring growing demand for its solutions.
The company announced an expanded partnership with Oracle in April, under which it is expected to support up to 2.8 gigawatts (GW) of power capacity for Oracle’s AI and cloud infrastructure, with an initial 1.2 GW already contracted and under deployment across U.S. projects.
In May, Amsterdam-based AI infrastructure provider Nebius said it had partnered with Bloom Energy to deploy the latter’s fuel cell technology to help power its AI infrastructure build-out. The deal, which is expected to be rolled out in three phases over 10-year terms to provide about 250 MW of power capacity and 328 MW of installed capacity, is worth up to $2.6 billion.
The San Jose, California-based company has estimated that it needs to spend about $100 million to $150 million for production of one GW of fuel cells, roughly equivalent to a traditional nuclear reactor.
According to the Bloomberg interview, Sridhar has stated that the firm’s modular power systems can help data centers expand capacity faster while producing lower emissions than traditional gas-turbine-based solutions.
BE: Strong Outlook
Bloom Energy reported strong first-quarter (Q1) 2026 results in late April, posting a surge in revenue of 130.4% year-over-year to $751.1 million, driven by a sharp increase in product revenue.
