NEW YORK, Feb 2, 2026, 21:30 EST — Market closed
- Bloom Energy (BE) finished Monday roughly 3% higher, following a volatile session with large intraday swings
- Attention shifts to the earnings report and conference call set for Feb. 5
- Fuel-cell peers dipped, with Bloom standing out as the lone gainer today
Bloom Energy (NYSE: BE) stock ended Monday 3.2% higher, closing at $156.13. The shares fluctuated between $146.53 and $159.45 during the session, with roughly 9.2 million shares traded.
This move is crucial as Bloom approaches earnings with investors on edge about the next steps. Thursday’s report could make or break the current rally.
Bloom manufactures solid oxide fuel cells, which produce electricity without burning fuel and are typically installed directly at the customer’s location. “Behind-the-meter” power refers to electricity generated on the customer’s side of the utility meter, a common solution when connecting to the grid is delayed.
Shares tied to fuel cells and hydrogen took a hit Monday: Plug Power slipped 1.4%, FuelCell Energy plunged 10.4%, and Ballard Power Systems edged down 0.9%.
Bloom plans to report its fourth-quarter 2025 earnings after the market close on Feb. 5, followed by a conference call at 5 p.m. ET. (Business Wire)
Investors will be tuning in closely for any clues on deliveries, pricing, and margins before then. Guidance usually carries the weight for a stock that can swing sharply on slight shifts in forecasts.
Bloom highlighted in its Jan. 20 report on data-center power that developers are increasingly moving new campuses to regions with better power advantages, specifically pointing to Texas. The company also noted that around one-third of data centers could operate entirely off-grid by 2030, relying solely on onsite power generation instead of the utility grid. “Data center and AI factory developers can’t afford delays,” said Natalie Sunderland, Bloom’s chief marketing officer.(Bloom Energy)
Bloom has flagged strong demand from utilities. In January, American Electric Power moved to buy up to 900 megawatts of Bloom’s solid oxide fuel cells, locking in a roughly $2.65 billion deal. The purchase is linked to a facility near Cheyenne and includes a 20-year offtake agreement with an undisclosed customer.(Reuters)
The setup works both ways. If deliveries falter, costs climb, or clients delay projects, shares could take a sharp hit—especially if the 2026 outlook is conservative.
Investors on Thursday’s call will zero in on new orders, backlog figures, and how fast Bloom can ramp up production to meet demand. Cash flow and manufacturing expenses will also be key topics.
U.S. markets kick back into gear Tuesday, Feb. 3, giving Bloom just two trading days before earnings drop. The key event arrives after Thursday’s close, Feb. 5, with results set to hit, then management’s conference call at 5 p.m. ET.
