NEW YORK, Jan 29, 2026, 20:06 ET — Market closed.
Shares of Bloom Energy Corp dropped 5.4% Thursday, finishing at $156.53 after trading between $149.79 and $165.50. The stock started close to Wednesday’s close but lost ground as the session progressed.
The pullback follows Barclays kicking off coverage with an Equalweight rating—essentially a hold—and a $153 price target. The bank highlighted stronger demand but noted the stock already prices in significant growth. Barclays referenced Bloom’s claim of faster on-site power deployment than competitors, pointing to its promise to Oracle to deliver power within 90 days. They also noted data centers’ move to higher-voltage direct current (800 VDC) could benefit Bloom’s technology.
Bloom has turned into a popular bet on “behind-the-meter” power—generation located at customer sites rather than on the grid. Last year, Brookfield committed up to $5 billion toward Bloom’s fuel cells aimed at data centers. Evercore ISI analysts described these solid-oxide systems as “reliable, scalable and clean on-site power.” Reuters
Despite Thursday’s pullback, Bloom’s shares have surged roughly 80% since early 2026, attracting momentum traders along the way. According to market data, the stock gained around 7.5% over the past five sessions.
Wednesday saw the stock surge to a fresh 52-week high on heavy volume. A report highlighted Wall Street’s divided stance, with price targets scattered from $39 all the way up to $207. The consensus? Hold. That wide range is making the stock particularly reactive to new research and slight shifts in sentiment.
Thursday’s turn came amid a jittery session for U.S. stocks, as Microsoft’s earnings miss weighed heavily on big tech and pulled the Nasdaq down. John Praveen, managing director at Paleo Leon, noted, “Microsoft disappointed and there are some genuine concerns that AI investments will eat the software companies’ lunches.” Reuters
Bloom’s surge earlier this January gained fresh momentum thanks to a record-setting utility order. American Electric Power revealed its unit would exercise a large chunk of its option for Bloom’s solid oxide fuel cells in a deal valued at roughly $2.65 billion. The agreement is linked to plans for a fuel cell generation plant near Cheyenne, Wyoming.
Volatility is now hitting products tied to the stock. Two leveraged ETFs aiming for twice Bloom’s daily returns dropped about 15% on Thursday. It’s a sharp reminder: daily-reset funds can amplify losses when the underlying asset swings wildly.
The obvious risk lies with the stock. MarketBeat data reveals Bloom is priced richly based on trailing earnings and highlights insider selling over the last 90 days — a red flag that could trigger a sell-off if shipments, margins, or timing slip.
The next major catalyst is near. Bloom announced it will report fourth-quarter 2025 results on Feb. 5 after markets close, followed by a conference call at 5 p.m. ET.
Traders on Friday will be eyeing if the stock can hold firm after its steep drop, or if that pullback deepens further. The upcoming earnings report and 2026 outlook will probably tip the scales.
