New York, January 28, 2026, 19:56 (ET) — After-hours update
- Bloom Energy shares ended the day up 8.6%, closing at $165.39 after hitting an intraday peak of $167.49
- Barclays kicked off coverage with an Equalweight rating, while Baird and Jefferies upped their price targets this week
- Investors are now focused on the Feb. 5 results, seeking clues on delivery timing and capacity.
Shares of Bloom Energy Corporation rose 8.6%, settling at $165.39 on Wednesday. A flurry of analyst notes refocused attention on the fuel-cell maker ahead of earnings next week. The stock fluctuated between $150.80 and $167.49, with around 12.9 million shares changing hands.
The calls come after a January re-rate that sparked its own trading momentum. On Jan. 8, American Electric Power inked a roughly $2.65 billion deal for Bloom’s solid oxide fuel cells, according to a regulatory filing. The company also exercised an option for an additional 900 megawatts (MW) of power capacity earlier that same week.
Bloom, based in San Jose, California, manufactures solid-oxide fuel cells that generate electricity on-site and also sells electrolyzers for hydrogen production. The company plans to report its fourth-quarter 2025 earnings on Feb. 5 after the market closes and will hold a conference call at 5 p.m. ET, it announced.
Barclays kicked off coverage on Wednesday with an Equalweight rating and set a $153 price target, projecting where the stock might trade over the next year. The bank highlighted strong demand for quick-to-deploy on-site power, noting Bloom’s promise to Oracle to deliver power within 90 days. They also pointed out that a shift to 800-volt direct current could align well with Bloom’s technology. However, Barclays warned that the current valuation already factors in a sharp increase in deliveries — targeting around 5 gigawatts (GW) by decade’s end.
Baird analyst Ben Kallo boosted his price target to $172 from $157 on Tuesday, maintaining an Outperform rating.
On Monday, Jefferies analyst Dushyant Ailani bumped his price target to $92 from $53 but kept an Underperform rating intact. He also upped his 2026 revenue estimate to $2.9 billion, roughly 16% higher than consensus. Still, he cautioned that “peak valuations leave little room for error” if the company stumbles on execution. Investing.com
China Renaissance kicked off coverage on Wednesday, assigning a Buy rating and setting a $207 price target, highlighting the growing divide in forecasts surrounding the stock’s momentum.
Fuel-cell stocks edged up modestly: Plug Power climbed roughly 1.5%, FuelCell Energy inched up 0.2%, and Ballard Power Systems ticked higher by about 0.4%.
But the targets paint a different picture. A number of them sit comfortably below Bloom’s current price, and with the stock swinging sharply, even a slight shift in delivery timing can quickly change the calculations.
When Bloom reports, investors will focus on updated delivery schedules, production capacity, and cash requirements. Comments on data-center clients and major utility projects are expected to carry more weight than the top-line revenue figure.
Looking ahead to the next session and into next week, all eyes are on Feb. 5 — the day of results, guidance, and the call’s tone. Following that, the focus shifts to whether these initiations spark follow-on upgrades or if targets start to retreat.
Related articles: Energy Sector
