New York, February 24, 2026, 07:42 EST — Premarket
- BE slips roughly 1.6% in premarket trading, after surging 8.6% the day before.
- A director reported gifting 4,000 shares, according to an SEC filing posted late Monday.
- Nvidia’s upcoming results and unresolved tariff questions are shaping how traders approach AI stocks this week.
Shares of Bloom Energy Corp (BE.N) slipped 1.6% to $157.80 in premarket trading Tuesday, pulling back after Monday’s 8.6% surge. The maker of on-site fuel cell power systems and hydrogen electrolyzers holds a market cap close to $45 billion. Its 52-week trading band runs from $15.15 up to $176.49.
The stock’s struggling to steady itself after Monday’s rout. Early Tuesday, U.S. stock index futures managed slight gains, with investors still digesting both President Donald Trump’s changing tariff signals and renewed anxiety over artificial intelligence. “The lack of clarity regarding their duration and scope keeps volatility elevated,” noted Antonio Di Giacomo, senior market analyst at XS.com. Reuters
Bloom is riding the AI wave, but not through chips or software—it’s power that’s pushing the numbers higher. The company pointed to AI data center demand as a key reason 2025 revenue reached $2.02 billion, with guidance for 2026 coming in between $3.1 billion and $3.3 billion. Founder and CEO KR Sridhar didn’t mince words: “Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers.” Bloom’s backlog—work under contract but not yet recognized as revenue—now stands near $20 billion. investor.bloomenergy.com
The SEC posted a late Monday filing with a detail that’s minor but notable. Director Jeffrey Immelt disclosed gifting 4,000 Class A shares as of Feb. 19, priced at zero, according to the Form 4. His direct holdings now total 218,417 shares.
There’s a notable gap between the stock’s recent surge and the Street’s outlook. According to Benzinga, the average target sits at $90.12, but analyst views are scattered—some as low as $10, others up to $207, drawn from 26 firms. Several analysts weighed in with new calls just earlier this month.
Still, there’s plenty that could derail the bull case. Bloom’s own risk filings flag a whole series of headaches: potential supply bottlenecks, trouble on the manufacturing line, heavy bets on incentives like tax credits, exposure to trade rules and tariffs, and a scenario where AI uptake loses momentum—slowing the pace of data-center expansion.
Competition is heating up as investors chase “grid-adjacent” power ideas. The Financial Times notes that fuel-cell companies have caught interest, with data centres putting pressure on power grids. Analysts, though, point out that valuations sometimes outpace the actual pipeline, and rivals—including gas turbines and modular nuclear—are waiting in the wings. Financial Times
Short-term moves in the stock could end up tracking mood swings instead of fundamentals. This week brings a rush of earnings from big players, plus a Trump address. Traders are also bracing for tariff headlines and fresh AI disruption jitters.
The next major test arrives Wednesday. Nvidia will post results on Feb. 25 at 2 p.m. PT (5 p.m. ET), and even a hint of a change in AI spending could hit “picks-and-shovels” stocks that have surged alongside data-center growth—Bloom Energy among them. investor.nvidia.com
