Brookfield Increases Bloom Agreement to $25 Billion From $5 Billion; Positive

研报英文原文证据摘录

Brookfield Increases Bloom Agreement to $25 Billion From $5 Billion; Positive

July 1, 2026 | 01:57 ET~

Bloom Energy Corp.

BE-NYSE Rating Price: Jun-30 Target Total Rtn Energy Transition & Infrastructure

Market Perform $302.70 $279.00 -8%

Ameet Thakkar Analyst

ameet.thakkar@bmo.com (713) 546-9741

Ryan Schlageter Senior Associate

Brookfield Increases Bloom Agreement to $25 Billion ryan.schlageter@bmo.com (929) 789-3536

Legal Entity: BMO Capital Markets Corp.From $5 Billion; Positive

2YR Price Volume Chart

Bottom Line: 400

The expanded $25 billion Brookfield agreement enhances financing visibility 350 300

for data center customers of Bloom's stationary power product and supports 250

potentially larger pipeline of data center–driven deployments. That said, today's 200 7060

150 50

announcement does not represent firm backlog but rather facilitates additional growth. 100 4030

Our scenario analysis outlines a range of potential outcomes (~2.4–5.0+ GW) depending 50 2010

on structure, tax credit treatment, and revenue mix. While demand momentum is 0 Dec Jun Dec Jun 0

increasingly undeniable and current BE contract revenues are insulated from project LHS: Price ($) / RHS: Volume (mm) Source: FactSet

delays (we believe), we would like to see SOFC operate in scale. Company Data in $

Dividend $0.00 Shares O/S (mm) 284.4

Key Points

Yield 0.0% Market Cap (mm) $86,100

Bloom Energy’s expanded $25 billion framework agreement with Brookfield P/BV 63.4x Net Debt (mm) $114

(from $5 billion) reinforces a rapidly improving demand backdrop for data center– BMO Estimates in $

adjacent power solutions, while also signaling increasing institutional confidence (FY-Dec.) 2025A 2026E 2027E

in Bloom’s role within emerging AI infrastructure buildouts. That said, we do not

EPS $0.70 $2.25 $5.33