New York, Jan 18, 2026, 08:13 EST — The market has closed.
Bloom Energy Corporation shares ended Friday at $149.50, gaining $10.33 or 7.4%, after hitting an intraday high of $150.65. This marked the final close before the U.S. markets closed for the weekend and the Monday holiday.
The market ended on a jittery note. U.S. stocks closed nearly unchanged Friday ahead of the long weekend, with investors holding back as the session wound down, Reuters reported. “Finishing the week flat, with the S&P 500 still just shy of 7,000 — most investors will see that as a win,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. (Reuters)
For Bloom, the issue now hinges less on a single headline and more on a looming power-supply crunch. The White House has pushed PJM Interconnection to hold an emergency power auction, Reuters reported, as data-center demand outpaces new generation capacity. PJM also proposed a plan for large data centers to “bring your own generation” — BYOG — or face potential curtailments during peak times. This kind of strain shines a spotlight on behind-the-meter power providers, including fuel-cell manufacturers. (Reuters)
Bloom, headquartered in San Jose, California, offers solid oxide systems designed for distributed electricity generation and hydrogen production. Their platform targets businesses needing on-site power, particularly large facilities with high energy demands. (Bloomenergy)
Investors have linked the stock’s January surge to the scale of potential orders from data centers and utilities. On Jan. 8, American Electric Power announced that its unit would purchase a large portion of its option for Bloom’s solid oxide fuel cells in a deal valued at about $2.65 billion. This move is part of plans to build a fuel-cell generation facility near Cheyenne, Wyoming, backed by a 20-year offtake contract with an unnamed customer. (Reuters)
Brookfield’s AI-driven investment gave Bloom’s pitch a lift earlier on. In October, Brookfield Asset Management committed up to $5 billion to back Bloom’s fuel-cell tech aimed at powering data centers. Analysts at Evercore ISI noted these solid oxide units deliver “reliable, scalable and clean on-site power.” Unlike combustion, fuel cells produce electricity through chemical reactions, potentially slashing local emissions depending on the fuel source. (Reuters)
Friday’s rally extended beyond Bloom. FuelCell Energy closed at $8.04, jumping roughly 7.8%. Plug Power climbed nearly 4.7%, and Ballard Power added around 3.7%, pushing the fuel-cell sector higher heading into the break.
The risk is clear: the stock has surged sharply, yet large projects bring lengthy timelines, permit hurdles, supply bottlenecks, and financing challenges. Should those orders falter or data-center expansions slow even slightly, the downside could hit quickly.
The key question now: will the policy discussions and grid pressures lead to actual signed contracts, or remain just talk at conferences? Traders are also keen to catch any new info on delivery timelines and customer concentration when the market resumes Tuesday.
Bloom’s calendar pins the next key event for Jan. 20-22 at the PowerGen conference in San Antonio, Texas. It also highlights a Jan. 22 webinar titled “Powering U.S. Manufacturing” focused on operating within a constrained grid. (Bloomenergy)
