New York, Feb 3, 2026, 20:36 ET — The market has closed.
- Shares of Bloom Energy climbed 8.1%, closing late Tuesday at $168.89
- Shares of fuel-cell rivals climbed as the session wound down
- Bloom plans to release its quarterly results after the market closes on Feb 5
Shares of Bloom Energy Corporation (BE) climbed 8.1% to close at $168.89 on Tuesday, after trading in a wide range from $159.20 up to $176.35. Volume hit roughly 13.7 million shares.
The late surge has put the fuel-cell maker back in focus as earnings approach later this week. Traders are flocking to the stock, viewing it as a popular play on the data-center power crunch.
The theme gained momentum Tuesday following a Financial Times report revealing renewed interest in fuel-cell makers, as data-center developers face long waits 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, Schneider Electric’s vice-president of innovation and data centres, told the newspaper. (Financial Times)
Other fuel-cell shares climbed in late trading. Plug Power added 1.9%, FuelCell Energy jumped 5.0%, and Ballard Power edged up 0.6%.
Bloom announced it will report its fourth-quarter 2025 financials on February 5, after the market closes, followed by a conference call at 5 p.m. ET. (investor.bloomenergy.com)
Investors are keenly awaiting updates on bookings, delivery timelines, and margins. Bloom’s solid oxide fuel cells produce electricity via an electrochemical process instead of combustion, offering large clients reliable onsite power solutions.
Bloom’s January Power Report reveals that data-center developers are gearing up for more sites to rely entirely on onsite generation by 2030. The report also highlights a move toward power-advantaged regions. “Developers can’t afford delays,” said Natalie Sunderland, Bloom’s chief marketing officer. (investor.bloomenergy.com)
Early January saw one of the standout deals still on investors’ minds: American Electric Power revealed its unit would acquire a large slice of its option for Bloom fuel cells in a transaction valued at roughly $2.65 billion. The company said the fuel cells’ output will supply a facility near Cheyenne, Wyoming, backed by a 20-year offtake agreement—essentially a contract to sell the plant’s power—with conditions expected to be satisfied by Q2 2026. (Reuters)
Brookfield Asset Management threw its weight behind Bloom back in October, pledging up to $5 billion to support Bloom’s fuel cell tech aimed at powering data centers. Evercore ISI analysts described Bloom’s units as delivering “reliable, scalable and clean on-site power,” according to a Reuters report at that time. (Reuters)
The rally offers scant margin for error if the upcoming update falls short, particularly on production. A Reuters energy-transition column from last week noted that Clean Street analysts view behind-the-meter power—generation on-site rather than drawn from the grid—as still in its infancy, leaving Bloom pressured to boost output rapidly. (Reuters)
U.S. markets are closed, shifting focus to whether the late rally can extend into Wednesday. The real challenge arrives post-close on Feb 5, when earnings and forecasts might reshape views on 2026 deliveries and the timing of major projects.
