Nebius Just Gave Bloom Energy a Big Boost. What It Means for BE Stock.

Bloom Energy's stock (BE) experienced a significant surge of 12.3% following a positive endorsement from Nebius Group N.V. (NBIS). NBIS recently reported its Q2 earnings, during which the company's Chief Communications Officer, Tom Blackwell, highlighted the benefits of Bloom's fuel-cell technology for the planned 300-megawatt AI data center in Vineland, New Jersey.

Blackwell emphasized that the switch to Bloom's fuel cells would offer a quieter, reliable, and ultra-low-emission power solution, overcoming community hurdles and permitting issues associated with the project. Additionally, Andrey Korolenko, Chief Product and Infrastructure Officer, stated that the deployment of Bloom's fuel cells would have no significant impact on the project timeline.

The endorsement by NBIS has added a positive signal for BE stock, which has been facing pressure from various factors, including allegations of reliance on China for scandium oxide and a broader market rotation out of AI and growth stocks. Despite sitting 31% below its June peak, BE stock remains up 457% over the past 52 weeks and has gained 182.6% so far in 2026.

While BE stock currently trades above the 200-day moving average and below the 50-day moving average, signaling a longer-term upward trend, the 14-day RSI is neutral at 55.48, indicating neither clear buyer nor seller dominance. The MACD line has crossed above the signal line, pointing to improving momentum, but the histogram remains below zero, suggesting that the bulls have not fully taken control.