NEW YORK, Jan 27, 2026, 15:00 EST — Regular session
- Bloom Energy shares climbed roughly 8% in afternoon trading, bouncing between $136 and $152 earlier.
- Plug Power and FuelCell Energy, also in the fuel-cell sector, rose, signaling wider interest across the group.
- Investors are eyeing the Feb. 5 results for news on production capacity and major utility orders.
Shares of Bloom Energy Corp climbed roughly 8.4% to $151.37 on Tuesday, bouncing back from Monday’s $139.62 close. The fuel-cell maker’s stock hit an intraday high of $152.18 and dipped to a low of $136.28 during the session.
This shift is significant since Bloom has turned into a popular option for a straightforward issue: data centers need power immediately, but connecting to the grid often drags on. On-site generation—producing power right at the facility for its own use—is making a comeback, shaking up stocks as well as utility plans.
Bloom’s rally has drawn more attention to the “energy infrastructure for AI” sector, extending beyond just large utilities and turbine manufacturers to include smaller and mid-cap stocks. This shift can quickly turn a slow day into a hectic one, particularly as trading volumes rise.
A Reuters column on Tuesday highlighted Bloom as one of the top early standouts for 2026, pointing to its role as a supplier for utilities and data centers aiming to produce their own electricity. The piece noted Bloom’s shares have climbed roughly 60% this year, while analysts are zeroing in on the company’s ability to ramp up production capacity swiftly. 1
American Electric Power’s recent fuel-cell purchase has been a major catalyst for the story. Earlier this month, AEP announced its unit would acquire a significant chunk of its option for Bloom’s solid oxide fuel cells. The deal, valued at roughly $2.65 billion, is linked to a planned facility near Cheyenne, Wyoming, along with a 20-year offtake agreement with an unnamed customer. The arrangement is subject to conditions anticipated by Q2 2026. 2
Other fuel-cell stocks climbed as well. Plug Power jumped roughly 6.5%, FuelCell Energy increased around 5.2%, and Ballard Power edged up just under 1%. AEP shares also rose, gaining about 1.3%.
Wall Street remains divided over the rally’s value. On Monday, Jefferies analyst Dushyant Ailani raised his price target to $92 from $53 but stuck with an Underperform rating. He warned that “peak valuations leave little room for error,” projecting 2026 revenue at $2.9 billion, according to the note. 3
But the setup works both ways. Bloom’s intraday swings have been volatile, and the market expects a smooth surge in deliveries; any slip in manufacturing, timing, or major project milestones could slam the stock quickly and sharply.
Bloom is gearing up for its next major event. The company plans to release its fourth-quarter 2025 earnings on Feb. 5 after the market closes, followed by a conference call at 5 p.m. ET. It also reported having deployed 1.5 gigawatts of systems across more than 1,200 installations worldwide. 4
Traders are zeroing in on details: production capacity, delivery schedules linked to utility contracts, and updates on data-center deals. For Bloom stock, the February 5 call is the next hurdle.
