AI infrastructure provider Nebius Inc. (NBIS) has taken a major step to secure long‑term power for its growing network of AI data centers. According to the SEC filing, the company signed a Master Fuel Cell Capacity agreement with Bloom Energy (BE). Nebius will pay monthly service fees that could reach up to $2.6 billion over the full term. Following the news, BE stock jumped about 10% on Wednesday.
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BE has a long & short ETF? Explore BEX & BEZUnder the deal, Bloom Energy will install, run, and take care of large fuel‑cell power systems for Nebius. In return, Nebius will buy the power and capacity those systems produce.
The power will come online in three phases, each with a 10‑year supply term. When fully deployed, the systems are expected to provide about 250 MW of guaranteed power and nearly 328 MW of total installed capacity.
This gives Nebius a stable, long-term power source at a time when AI data center demand is soaring, and energy has become a major problem in the industry.
Why This Deal Matters
AI data centers need huge amounts of steady, reliable power. Fuel cells can give them on‑site, always‑on energy that does not rely as much on the grid, a big plus as AI workloads keep rising fast.
For Nebius, the agreement helps lock in long‑term energy supply for its expanding footprint. For Bloom Energy, it is a major revenue pipeline and strengthens its position as a key supplier to the AI infrastructure boom.
Is BE Stock a Good Buy?
Turning to Wall Street, BE stock has a Moderate Buy consensus rating based on eight Buys and nine Holds assigned in the last three months. At $259.00, the average Bloom Energy stock price target implies a 9.6% downside risk.
Is NBIS Stock a Buy or Sell?
Turning to Wall Street, NBIS stock has a Moderate Buy consensus rating based on six Buys and three Holds assigned in the last three months. At $221.71, the average Nebius stock price target implies a 13.05% upside potential.
