New York, Feb 3, 2026, 20:36 ET — Market closed.
- Bloom Energy shares last up 8.1% at $168.89 in late trading on Tuesday
- Fuel-cell peers were also higher into the close
- Bloom is due to report quarterly results on Feb 5 after market close
Bloom Energy Corporation (BE) shares rose 8.1% to $168.89 in late trading on Tuesday, after swinging between $159.20 and $176.35 during the session. About 13.7 million shares changed hands.
The late move keeps the fuel-cell maker on traders’ screens heading into results later this week. The stock has become a crowded way to play the data-center power bottleneck.
That theme got another push on Tuesday after a Financial Times report said fuel-cell makers are drawing fresh interest as data-center developers wait for grid connections and gas turbines. “Fuel cells are in the limelight and have a lot of appeal right now because grid queues are ridiculous,” Steve Carlini, vice-president of innovation and data centres at Schneider Electric, told the newspaper. (Financial Times)
Other fuel-cell stocks were also higher in late trading. Plug Power was up 1.9%, FuelCell Energy gained 5.0% and Ballard Power rose 0.6%.
Bloom said it will release fourth-quarter 2025 financial results on Feb 5 after market close and host a conference call at 5 p.m. ET. (Bloomenergy)
Investors will listen for updates on bookings, delivery schedules and margins. Bloom’s solid oxide fuel cells generate electricity through an electrochemical reaction, rather than burning fuel, and the company sells them as resilient onsite power for large customers.
In its January Power Report, Bloom said data-center developers expect a growing share of sites to run fully on onsite generation by 2030, and pointed to shifts toward power-advantaged regions. “Developers can’t afford delays,” said Natalie Sunderland, Bloom’s chief marketing officer. (Bloomenergy)
One of the biggest deals investors still point to came in early January, when American Electric Power said its unit would buy a substantial portion of its option for Bloom fuel cells in a deal worth about $2.65 billion. AEP said the output would feed a facility near Cheyenne, Wyoming, under a 20-year offtake agreement — a contract to sell the plant’s power — with conditions expected to be met by the second quarter of 2026. (Reuters)
Bloom also has backing from Brookfield Asset Management, which said in October it would invest up to $5 billion in Bloom’s fuel cell technology to power data centers. Evercore ISI analysts said Bloom’s units offer “reliable, scalable and clean on-site power,” Reuters reported at the time. (Reuters)
But the rally leaves little cushion if the next update disappoints, especially on production. A Reuters energy-transition column last week said Clean Street analysts see behind-the-meter power — generation at a site instead of pulled from the grid — as early in its ramp, with Bloom needing to lift output quickly. (Reuters)
With U.S. markets shut, attention turns to whether the late strength holds into Wednesday’s session. The bigger test comes after the close on Feb 5, when results and outlook could reset expectations around 2026 deliveries and big-project timing.
