New York, January 10, 2026, 20:43 (ET) — The market has closed.
- Bloom Energy shares climbed roughly 10% on Friday, wrapping up a rollercoaster two-day stretch.
- American Electric Power revealed a $2.65 billion deal for fuel cells connected to a new generation plant.
- Traders are zeroing in on contract milestones and watching closely to see if big orders keep coming.
Shares of Bloom Energy Corporation jumped 10.0% on Friday, closing at $134.07. This surge continues a strong streak that has drawn renewed attention to the fuel-cell maker ahead of Monday’s trading. After-hours trading saw the stock hold steady.
This move stands out since the rally isn’t triggered by a quarterly report or updated guidance. Instead, it’s fueled by indications that major power buyers are ready to commit to long-term contracts for on-site generation, as data centers and other heavy consumers rush to lock in supply.
For Bloom, the key issue is if the surge is just a knee-jerk response to a headline or signals a more sustained repricing linked to larger, longer-term orders. The stock has already pushed some bearish bets to adjust rapidly—and it managed that move within a narrow catalyst window.
American Electric Power announced Thursday that its unit will acquire a significant portion of its option for Bloom’s solid oxide fuel cells in a deal valued at around $2.65 billion. This move supports plans to develop and construct a fuel-cell power plant near Cheyenne, Wyoming. AEP also inked a 20-year agreement with an unnamed customer to purchase the facility’s entire output, although the offtake deal depends on conditions expected to be met by Q2 2026, the company said.
Solid oxide fuel cells produce electricity via an electrochemical reaction, not combustion. Supporters say this matters since it could cut lead times for new power and allow installations closer to where the energy is needed.
Evercore ISI’s Nicholas Amicucci stuck with an Outperform rating and a $152 price target on Bloom, labeling it a top pick. He noted, “At this point, Bloom becomes a more attractive option as it doesn’t require an air permit.” StreetInsider.com
Not all notes scream momentum chasing. Tim Moore at Clear Street bumped his price target up $10 to $68 but stuck with a hold rating, signaling that some analysts still worry about valuation and execution risks despite raising estimates.
The risk is clear: the AEP offtake agreement has specific conditions and deadlines, and big projects often run late. Any hold-up in customer commitments, equipment arrivals, or financing could challenge the market’s appetite for long-cycle growth.
Investors are eyeing Bloom Energy’s next big move: its quarterly report. Zacks projects the release will land on February 26, 2026, following the company’s usual schedule. However, Bloom has yet to officially announce the date.
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