NEW YORK, Feb 23, 2026, 17:31 EST — Trading after the bell
- Bloom Energy saw its shares jump roughly 9%, bucking the broader decline in U.S. stocks as tariff concerns weighed on the market.
- Options activity included a handful of sizable “sweep” orders popping up in BE contracts.
- Attention remains fixed on data-center power demand, with the next company update up ahead.
Shares of Bloom Energy Corporation surged late Monday, defying the wider U.S. market downturn as traders returned to the fuel-cell maker following yet another choppy session.
It’s a notable shift, with risk appetite on the line. U.S. indexes dropped over 1% as tariff questions flared up again, but demand remained for stocks linked to infrastructure and power needs.
Bloom (NYSE:BE) has found itself in a push-pull dynamic lately, with investors eager about its promise of rapid, on-premises power for data centers—even as broader markets show signs of nerves. The company stuck to its guns earlier this month, projecting 2026 revenue between $3.1 billion and $3.3 billion.
Bloom shares climbed $12.84 to $160.28, up roughly 8.7% from the previous close. The stock bounced between $144.92 and $161.23, with trading volume around 10 million shares.
Stocks managed to notch gains, even as tariff concerns and constant chatter over AI “winners and losers” weighed on Wall Street sentiment. Investors stuck with names tied to firmer, more visible demand stories. Reuters
Options action didn’t let up. Benzinga pointed out several hefty “sweep” trades — those fast-moving orders that hit multiple exchanges — with million-dollar chunks in BE calls and puts linked to expiries in mid-2026. Benzinga
Bloom has kept the story going. In its Feb. 5 results, the company posted nearly $2.02 billion in revenue for the full year, underscoring ties to AI data center demand. For this year, Bloom is aiming for a non-GAAP gross margin of around 32%.
Back then, chief executive K.R. Sridhar claimed, “Bloom is rapidly becoming the standard for on-site power,” framing backup generation as shifting from a mere insurance policy to something customers now see as essential capacity. Investing.com
The stock’s surge comes into sharp focus when you look at Street targets: Investing.com lists the average 12-month price target at $142.71, but analyst estimates are scattered—from $40 on the low end all the way up to $207.
Peer performances diverged: Plug Power and Ballard slipped a bit, while FuelCell Energy edged up late in U.S. trading. Monday’s gain clearly didn’t translate to a broad sector rally.
Things could turn south quickly. Bloom calls out risks from tariffs and other trade policies, and warns that delays or pullbacks in AI buildouts might weigh on orders. Revenue linked to backlog could also get pushed out, depending on timing.
Traders now turn to see if this rally can stick through Tuesday’s session, with tariff headlines keeping nerves on edge. Looking ahead, Bloom has a slot at CERAWeek in Houston from March 23-27, and its next earnings are slated for May 6, Investing.com’s calendar shows.
