San Jose, California, May 18, 2026, 05:06 PDT
World Investment Advisors picked up a new stake in Bloom Energy, adding to the list of firms buying into the San Jose fuel-cell maker as money flows into power names tied to AI data centers. The firm purchased 12,795 shares worth roughly $1.1 million in the fourth quarter, according to a filing summary.
Bloom is front and center in the AI power crunch, as the company has turned into a stand-in for supply issues around electricity at big data centers. Shares last changed hands at $275.95 in premarket trade, down about $27 from the previous close. The drop pulled Bloom off recent highs after a steep rally.
Institutional buying picked up. Donoghue Forlines LLC bought 22,627 shares of Bloom for roughly $2.0 million. Mitsubishi UFJ Asset Management boosted its position by 286.5% to 224,934 shares, a stake now valued at about $19.5 million, according to separate filings.
Form 13F filings aren’t up to the minute. The reports, required for bigger institutional investment managers, only come out after the quarter ends and the deadline is 45 days later. That means they miss real-time trades or managers’ current conviction.
Bloom caught Wall Street’s eye last month after posting first-quarter revenue of $751.1 million, a jump of 130.4% from a year ago. The company lifted its 2026 revenue forecast to between $3.4 billion and $3.8 billion. It now guides for non-GAAP earnings of $1.85 to $2.25 a share. CEO KR Sridhar said Bloom is now the “go-to choice” for on-site power. investor.bloomenergy.com
Data centers want power faster than utilities can usually provide it. Oracle and BorderPlex said in April they plan to run Project Jupiter, their New Mexico AI data center, entirely on Bloom fuel cells. The project is set for up to 2.45 gigawatts of capacity. They will swap out planned gas turbines and diesel generators. The fuel cells use an electrochemical process to make electricity, not combustion.
Federal Pacific last week reported a big new deal with Bloom Energy, saying it landed the company’s largest-ever single order to supply medium-voltage switchgear and engineering services for an AI data-center job. President Howard Broadfoot said Bloom’s award shows confidence in Federal Pacific’s U.S.-built “reliable infrastructure.” Business Wire
Bloom isn’t the only fuel-cell stock picking up trades. Plug Power, Ballard Power Systems, and FuelCell Energy have also caught some action as investors try to play AI-driven power demand. But Bloom’s rally this month has been linked to actual orders from data-center and utility customers, not just a general hydrogen move.
American Electric Power earlier this year announced a unit plans to buy about $2.65 billion in solid oxide fuel cells to back a fuel-cell generation facility. That followed a 2024 deal with Bloom that gave an option to add up to 900 more megawatts. The package also came with a 20-year offtake agreement for an unnamed customer, according to Reuters.
Analyst views on valuation remain split. Barclays’ Christine Cho lifted her Bloom price target to $254 in May but stayed at equal-weight, a notch below where the stock was trading. Benzinga’s consensus target was lower at $158.93.
Market bets fast execution is coming before proof it can be done at scale. Bloom flagged big upfront costs, the need for financing, debt, and delays in installation. It also mentioned supply limits, tariffs, and the risk that AI data-center uptake could cool, plus the backlog might not turn into revenue.
New institutional filings offer some signal, but that’s not all investors are watching. The next question is whether Bloom can convert Oracle demand, Federal Pacific supply contracts and utility orders into real shipments, better cash flow, and margins strong enough to back a stock that’s still running above a lot of analyst targets.
