New York, Feb 9, 2026, 18:33 EST — Trading after the bell.
- Bloom Energy climbed roughly 8.5% on Monday, sticking close to the $155 mark in late trading.
- Mizuho bumped its price target up to $110 from $89, sticking with a Neutral rating.
- AI data-center demand and project financing are once again front and center, thanks to a newly released annual filing.
Bloom Energy shares jumped roughly 8.5% Monday, sticking close to $155 in after-hours action after Mizuho boosted its price target on the fuel-cell company. In the regular session, the stock moved between $141.37 and $156.93.
It’s a notable shift: Bloom is packed with bets on the basic idea that data centers want rapid power solutions. Investors haven’t wasted time marking up anything linked to on-site electricity, spurred by massive AI supply chain spending announcements.
Execution plays a big role in Bloom’s story, but so does access to financing. A lot of sizable projects need outside capital to move forward. Wall Street, for its part, has been probing whether demand will hold up after the initial batch of AI buildouts gets finished.
Mizuho’s Maheep Mandloi bumped his price target on Bloom up to $110 from $89, sticking with his Neutral call following the latest quarter. In a note, Mandloi said the expected jump in 2026 gross margin—profit left after direct costs—stood out, citing ongoing cost reductions and improved factory utilization. He also flagged stronger “book-and-bill” visibility, meaning order flow versus revenue recognized, as a key driver. TipRanks
Bloom jumped, but most fuel-cell stocks failed to keep pace. FuelCell Energy picked up 3.6%, and Plug Power managed a 1.2% gain during the session. The Nasdaq finished higher by 0.9%.
Bloom’s annual 10-K, posted Monday, pointed to growing reliance on AI data-center clients and a pickup in demand for the company’s Energy Server units amid tightening power grid supply. The report also detailed a financing structure, supported by Brookfield, that could provide as much as $5 billion over five years for eligible fuel-cell projects.
Bloom’s annual report comes on the heels of its Feb. 5 release, where the company posted 2025 revenue of $2.02 billion and forecasted 2026 revenue in the $3.1 billion to $3.3 billion range, with non-GAAP EPS between $1.33 and $1.48. Founder and CEO KR Sridhar described “bring-your-own-power” as now more than a catchphrase—it’s become essential for AI hyperscalers, he said. Finance chief Maciej Kurzymski noted efforts aimed at product cost cuts and sharper execution. Bloom Energy
But Bloom cautioned investors that AI-fueled expansion won’t be smooth sailing. In its annual filing, the company pointed to a mix of risks: lagging AI uptake, changes in how customers allocate capital, constraints on project finance or tax-equity funding, and potential permitting holdups or local moratoria—all of which could drag on deployments.
Investors want to see the order book actually turning into shipped product, and they’re watching to make sure margins don’t slip as volume climbs. Bloom hasn’t set a date yet for its next earnings release, but market calendars point to April 29, 2026 for a potential first-quarter update.
