NEW YORK, Jan 4, 2026, 15:39 ET — Market closed
- Bloom Energy closed up 13.6% on Friday at $98.69, after trading between $88.84 and $100.35.
- Fuel-cell peers Plug Power jumped 13.2% and FuelCell Energy rose 11.8% in a broad sector rebound.
- Next catalysts include the U.S. jobs report on Jan. 9 and CPI on Jan. 13, with Bloom’s earnings date still unannounced.
Bloom Energy Corporation shares (BE) surged 13.6% on Friday to close at $98.69, outpacing a rally across U.S.-listed fuel-cell makers.
The jump put the stock back within sight of $100, a round-number level traders often treat as near-term resistance. A clean break above it would be a fresh momentum test when markets reopen on Monday.
That matters because Bloom has become a high-beta proxy for behind-the-meter power — electricity generated on site rather than pulled from the grid — for data centers and other large users. With key U.S. economic data due next week, rates-sensitive growth trades are in focus, and Bloom has been prone to sharp swings.
The move was not isolated. Plug Power (PLUG) gained 13.2% on Friday and FuelCell Energy (FCEL) rose 11.8%, while Ballard Power Systems (BLDP) added 5.5% in the same session.
Bloom traded between $88.84 and $100.35 on Friday after opening around $90, with about 11.6 million shares changing hands. The wide intraday range highlights how quickly sentiment can shift in the group.
Some investors have kept the spotlight on liquidity after Bloom disclosed a $600 million senior secured revolving credit facility — a bank credit line the company can draw down as needed. The facility, led by Wells Fargo, matures on Dec. 19, 2030 and includes leverage and interest-coverage covenants, a Dec. 23 filing showed. ( Sec)
The longer-term narrative still centers on data-center power demand, where fuel cells generate electricity through a chemical reaction rather than combustion. “AI infrastructure must be built like a factory—with purpose, speed, and scale,” KR Sridhar, Bloom’s founder and CEO, said when the company announced a $5 billion AI-infrastructure partnership with Brookfield in October. ( Bloomenergy)
Forecasts remain mixed after the stock’s sharp run last year, but the average price target compiled by MarketWatch is about $115, above Friday’s close. Investors are likely to drill into the next results for signs on data-center order timing, production capacity and margin discipline. ( Marketwatch)
But the next leg higher would likely require fresh proof on execution: delays in large customer rollouts, cost inflation, or a tighter rate outlook can hit richly valued clean-tech stocks quickly. The credit line also brings covenant constraints that can narrow flexibility if operating performance softens.
For Monday, traders will watch whether the stock can hold above the high-$80s area near Friday’s low and take another run at $100. On the calendar, the Labor Department’s December jobs report is due Jan. 9 and the December CPI report follows on Jan. 13 — both key inputs for rate expectations. ( Bls) Bloom has not announced an earnings date; Nasdaq currently estimates a report around Feb. 26. ( Nasdaq)
