Bloom CEO Has No Plans to Sell Shares After AI Investor Run-up

Bloom Energy Corp., a supplier to Oracle Corp. that’s seen its stock price double in the past two months, doesn’t see a need to sell shares to meet surging demand from data centers, its chief executive officer says.

The company makes fuel cells that generate electricity from natural gas through a chemical reaction, rather than burning the fuel. Bloom can recover the cost of building a new factory in six months through sales, making it unnecessary to raise capital, KR Sridhar said in an interview Monday with Bloomberg News in San Francisco.

“If there is a need, obviously, we ...