Bloom Energy stock rebounded as Brookfield Asset Management expanded its AI infrastructure partnership with the fuel-cell maker to $25 billion, a fivefold increase from the $5 billion commitment announced in October 2025, according to a press release issued June 30, 2026.
The expanded partnership reflects sustained demand from hyperscalers and data center developers for fast, reliable power to support artificial intelligence workloads. Brookfield’s increased funding framework will help Bloom deploy its solid oxide fuel cell technology globally for on-site power generation at AI facilities.
Bloom’s rebound came after the company faced intense scrutiny from short-seller Hunterbrook Capital, which published a report on July 8 alleging the fuel-cell provider secretly relies on Chinese scandium suppliers despite public claims of supply independence. Hunterbrook disclosed it holds a short position in Bloom Energy stock.
On July 9, Bloom Energy filed an 8-K with the SEC stating it “categorically rejects” the report’s claims, describing them as “false and misleading.” The company asserted it has sufficient scandium oxide supply to meet current demand and backlog, and that future expansion does not depend on Chinese sources. Scandium oxide is a critical material used in Bloom’s fuel cell systems.
Bloom Energy shares rose 1.1% on July 10 in response to the company’s denial, according to Investor’s Business Daily. The stock had fallen 5.7% the previous day on the short report. Despite the recent volatility, Bloom Energy remains up 196% in 2026 so far, driven by strong demand for on-site power solutions in AI data centers.
Aman Joshi, Bloom Energy’s Chief Commercial Officer, said the expanded Brookfield partnership reflects “the momentum we are seeing in the market, as evidenced by recently announced large-scale deals.” Sikander Rashid, Head of AI Infrastructure at Brookfield, noted the expansion strengthens the company’s position as a leading global AI infrastructure investor capable of delivering “end-to-end solutions, from electrons to tokens.”
The partnership is part of Brookfield’s dedicated AI Infrastructure Fund, which launched in November 2025 with a target to deploy $100 billion across large AI factories, power solutions, and compute infrastructure. Brookfield has over $100 billion already invested in digital infrastructure and clean power assets globally.
Bloom Energy will report its second-quarter 2026 financial results on July 28, which may provide further clarity on supply chain resilience and backlog validation amid the short-seller controversy.
Sources
- Bloom Energy Investor Relations — Official press release on Brookfield partnership expansion to $25 billion, issued June 30, 2026
- Investor’s Business Daily — Bloom Energy stock rebound and short-seller report denial, July 9, 2026
- SEC Edgar — Bloom Energy 8-K filing rejecting Hunterbrook report allegations, July 9, 2026
- Seeking Alpha — Details of Hunterbrook short report and Bloom’s supply-chain allegations, July 8, 2026
- Fuel Cells Works — Bloom Energy stock rebound following short-seller controversy, July 10, 2026
