Dec. 18, 2025 — Bloom Energy Corporation’s stock swung sharply again Thursday as investors weighed a powerful mix of macro tailwinds, fuel-cell sector momentum, and still-heated debate over valuation. Shares finished Dec. 18 at $81.63, up from $76.97 the prior session—an advance of roughly 6% day over day after a turbulent week for AI-linked and power-infrastructure names. [1]
What happened to Bloom Energy stock on Dec. 18, 2025
Bloom Energy shares gapped up at the open and traded through a wide range before cooling into the close. According to historical pricing data, BE opened at $82.91, hit an intraday high of $85.30, dipped to a low of $80.03, and ultimately closed at $81.63, with about 6.83 million shares changing hands. [2]
That pattern—strong open, volatile mid-session, and a partial fade into the close—has been a hallmark of BE’s 2025 tape. Market data services tracking intraday conditions also highlighted the stock’s large 52-week range ($15.15 to $147.86), underscoring the kind of momentum-and-mean-reversion trading that has characterized Bloom’s run this year. [3]
Why Bloom Energy stock jumped: a “sympathy rally” after FuelCell’s surprise
A key driver of Thursday’s move was sector contagion—and it came from a peer.
In a widely circulated Dec. 18 market-movers note, The Motley Fool pointed to FuelCell Energy’s earnings beat as the spark: FCEL surged, and Bloom Energy rose with it as investors repriced the broader fuel-cell space for data-center power demand. The same analysis emphasized that FuelCell management discussed “accelerating demand” for electricity and data-center projects—an opportunity set that also aligns with Bloom’s positioning in on-site power for energy-intensive customers. [4]
Investors Business Daily’s coverage of the FuelCell report similarly framed the move as a data-center story, noting FCEL’s strong reaction after quarterly results and management commentary tied to the AI-era power buildout. [5]
Why that matters for BE: Even when Bloom itself is quiet on the news front, the stock frequently trades as a high-beta proxy for “AI power infrastructure”—and fuel cells have become one of the market’s most watched solutions for behind-the-meter generation when grid capacity is constrained.
Cooling CPI added a macro tailwind for risk assets—and BE was on the list
Thursday’s rally in BE didn’t happen in a vacuum. A softer inflation print helped lift broader sentiment, particularly for volatile growth and thematic names.
Benzinga reported that the Consumer Price Index rose 2.7% year-over-year in November, below expectations, while core CPI rose 2.6% year-over-year, also under forecasts—data that reinforced the market’s view that inflation pressures are easing and the Federal Reserve’s policy path remains intact. In the hour following the release, Bloom Energy appeared among the notable large-cap movers tracked by Benzinga Pro data. [6]
For traders, the combination of a macro “risk-on” impulse plus a sector-specific catalyst (FuelCell’s rally) created an environment where BE could rebound quickly—even after a punishing prior session.
BE also showed up on “high dollar-volume” energy watchlists
Bloom Energy’s heavy trading interest was visible beyond the price chart.
MarketBeat’s Dec. 18 energy screen flagged Bloom Energy among seven energy stocks to watch, selected for high dollar trading volume in the sector over the past several days. The list also included a blend of legacy and next-gen power exposures—GE Vernova, Constellation Energy, Exxon Mobil, and others—illustrating how “energy” screens now mix oil & gas, utilities, electrification, and AI-adjacent infrastructure themes. [7]
Analyst forecasts for Bloom Energy: wide target ranges, mixed conviction
If the day’s trading action was relatively easy to explain—macro + peer momentum—the forward view is still contested.
MarketBeat’s snapshot: “Hold” consensus, but targets all over the map
MarketBeat’s Dec. 18 analysis characterized analyst views as mixed, citing a consensus rating of Hold and an average price target of $93.77, while also emphasizing just how dispersed expectations are (targets ranging roughly from the mid-$20s to the mid-$100s). The same report summarized a split of ratings across Strong Buy/Buy/Hold/Sell buckets. [8]
MarketBeat also listed several notable target changes from recent weeks—ranging from more conservative stances (including lower targets in the $30s in some research notes) to aggressive upside cases above $100. [9]
Benzinga’s snapshot: different consensus target, similar “Hold” lean
On Benzinga’s BE quote page, the stock is likewise labeled around “Hold” on its aggregated view, with a posted consensus price target of $69.88 and the note that Bloom “does not have any upcoming earnings scheduled” (as displayed on that page at the time of viewing). [10]
Why the gap between $69.88 and $93.77? These “consensus” figures often differ across platforms due to:
- different analyst universes included,
- timing of updates,
- and how stale/expired targets are handled.
The takeaway is less about the exact number and more about the range: the Street is effectively pricing Bloom as a company with real demand momentum, but with uncertainty around durability, margins, and competitive positioning.
Fundamentals in focus: Q3 growth was strong, but profitability debate continues
To understand why BE can swing 5–15% in a day, it helps to look at what investors are really arguing about: growth vs. profitability vs. valuation.
In its Q3 2025 financial results, Bloom Energy reported (non-GAAP) revenue of $519.048 million and non-GAAP EPS of $0.15. The same release showed a GAAP net loss to common stockholders of $23.093 million for the quarter and cited gross margin of 30.4% on a non-GAAP basis. [11]
The company also described itself as delivering “ultra-resilient” and scalable on-site electricity for major enterprises and stated it had deployed 1.5 GW of low-carbon power across more than 1,200 installations globally. [12]
Those are the building blocks behind the bull case:
- accelerating revenue tied to energy-constrained customers,
- a footprint that suggests the tech is deployable at scale,
- and a narrative tailwind from AI data-center power demand.
But the bear case hasn’t disappeared—especially when valuation metrics compress years of expected growth into today’s price.
The AI data-center power thesis: Brookfield partnership remains a cornerstone
Much of Bloom’s 2025 rerating has been linked to its role in powering AI infrastructure—particularly behind-the-meter.
In an October press release, Bloom Energy and Brookfield announced a $5 billion strategic AI infrastructure partnership, with Bloom set to become the preferred onsite power provider for Brookfield’s global “AI factories.” Bloom said Brookfield would invest up to $5 billion to deploy Bloom’s fuel-cell technology, and the companies were collaborating on global projects, including a European site expected to be announced before year-end. [13]
Reuters also reported on the partnership, framing it as a response to companies seeking cleaner energy to meet AI-era power needs, and noted Bloom shares surged around the announcement in October. [14]
The partnership release further points to a demand outlook where U.S. AI data-center power needs could surpass 100 gigawatts by 2035, and it cites Bloom’s existing relationships with major infrastructure customers (including Oracle, Equinix, and American Electric Power) as evidence that the market is already forming. [15]
Risks investors are watching: valuation, leverage, and competition
Even on a “green day,” many investors are watching Bloom through a risk lens.
1) Valuation sensitivity and high volatility
MarketBeat’s Dec. 18 note pointed to the stock’s high beta and highlighted valuation metrics that can look extreme depending on the earnings base used—one reason the stock can be highly reactive to sentiment shifts. [16]
Benzinga’s quote page also displayed short interest around 11.1% and an RSI near 39 at the time of viewing—signals that some traders see meaningful bearish positioning and a stock that has recently been under pressure. [17]
2) Competition pressure: GE Vernova’s move into fuel cells
A newer overhang is competitive risk.
Barron’s recently reported that GE Vernova is developing a fuel-cell business aimed at the AI data-center market and suggested the move has weighed on Bloom’s valuation in the near term, even as it “validates” the broader fuel-cell opportunity. [18]
3) Execution and policy exposure
Bloom’s own filings and investor communications repeatedly emphasize that outcomes depend on execution—manufacturing scale, installation timelines, customer concentration, and policy/regulatory incentives—alongside demand conditions in hydrogen and distributed generation. [19]
Other Dec. 18 news: Congressional trading disclosure involving BE
Among the day’s smaller, but notable, headlines: MarketBeat reported that Rep. Gilbert Ray Cisneros, Jr. disclosed a purchase of $1,001–$15,000 in Bloom Energy shares (trade dated Nov. 18, disclosure filed mid-December). MarketBeat’s report also referenced high institutional ownership and recent insider selling figures as part of its broader snapshot of the stock. [20]
While such disclosures rarely move prices on their own, they tend to circulate on social feeds—especially for volatile, headline-sensitive tickers like BE.
What’s next for Bloom Energy stock after Dec. 18
With no major company press release on Dec. 18 itself, the next meaningful catalysts are likely to come from a familiar set of “watch items”:
- Updates on AI-data-center deployments and behind-the-meter project timelines (especially anything tied to large partners). [21]
- Signals from the broader fuel-cell group, since sympathy moves (up and down) remain common. [22]
- Macro data and rates expectations, which can amplify moves in high-beta growth names—particularly when inflation prints change the tone of the market. [23]
- Competitive news from major power-equipment players pursuing data-center power solutions. [24]
Bottom line
On Dec. 18, 2025, Bloom Energy stock rallied on a combination of cooler inflation data and fuel-cell sector momentum after FuelCell Energy’s earnings surprise—while analyst forecasts remained highly dispersed, reflecting ongoing debate over how much of the AI power boom is already priced in. [25]
References
1. finance.yahoo.com, 2. finance.yahoo.com, 3. www.benzinga.com, 4. www.fool.com, 5. www.investors.com, 6. www.benzinga.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. www.marketbeat.com, 10. www.benzinga.com, 11. investor.bloomenergy.com, 12. investor.bloomenergy.com, 13. investor.bloomenergy.com, 14. www.reuters.com, 15. investor.bloomenergy.com, 16. www.marketbeat.com, 17. www.benzinga.com, 18. www.barrons.com, 19. investor.bloomenergy.com, 20. www.marketbeat.com, 21. investor.bloomenergy.com, 22. www.fool.com, 23. www.benzinga.com, 24. www.barrons.com, 25. www.benzinga.com
