Bloom Energy Stock Climbs on Falling Oil and Bond Yields
Bloom Energy shares are trading higher Thursday as lower oil prices and bond yields boosted data center infrastructure stocks.
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Roth Capital analyst Chip Moore maintains Generac Holdings (NYSE:GNRC) with a Neutral and raises the price target from $214 to $250.
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Bloom Energy shares are trading higher Thursday as lower oil prices and bond yields boosted data center infrastructure stocks.
Generac signed a long-term agreement with Amazon to supply backup generators for its data centers, with initial deliveries totaling $2.4 billion in 2027-2028 and potential additional purchases reaching $8 billion through 2033. Amazon received a warrant for up to 1.69 million Generac shares. The deal supports Amazon's expanding AI infrastructure needs, with Generac stock surging 20% on the announcement.
Wall Street snapped a two-day losing streak Thursday as oil retreated from its geopolitical spike and the 10-year Treasury yield slipped back below 5%. Chipmakers led the rebound, with Intel, AMD and Micron all posting outsized gains, while gold climbed 2.5% to $4,369 an ounce. The bounce came one day after the Federal Reserve delivered its first interest rate hike since 2023 and signaled at least one more this year.