New York, January 27, 2026, 15:40 (EST) — Regular session
- Bloom Energy shares jumped roughly 9% in afternoon trading, leaving other fuel-cell stocks behind.
- Jefferies bumped its price target to $92 but maintained an Underperform rating, citing execution risk.
- Investors are eyeing the Feb. 5 results for fresh details on deployments, capacity, and timelines for major projects.
Bloom Energy shares surged roughly 9% Tuesday, topping U.S.-listed fuel-cell stocks as traders stuck with the “power demand” theme and absorbed a new Jefferies report. The stock climbed $13.20, or 9.5%, to $152.82 in afternoon trading.
Bloom has become a key player in a crowded space: companies that can place generation close to rapidly expanding loads like data centers, even amid tight grid conditions. A Reuters column on Tuesday singled out Bloom as an early 2026 energy standout, driven by strong demand for “behind-the-meter” power — electricity generated on-site rather than delivered through the public grid — along with a sizable utility contract that’s kept the stock active. Reuters
Jefferies raised its price target to $92 from $53 but stuck with an Underperform rating, warning that “peak valuations leave little room for error.” Analyst Dushyant Ailani bumped up 2026 revenue forecasts to $2.9 billion, roughly 16% above the consensus Jefferies follows. He also noted that investor attention will likely shift from macro tailwinds to the company’s actual delivery and execution. Investing.com
Bloom closed Monday at $139.62, down 3.64%, before bouncing back Tuesday, edging closer to its recent highs on about 9.9 million shares traded. The stock swung between $136.31 and $153.46 during the session, per Investing.com data.
Earlier this month, American Electric Power revealed one of its units will acquire a large chunk of its option for Bloom’s solid oxide fuel cells, in a deal valued at around $2.65 billion. The utility is moving ahead with plans for a fuel-cell power plant near Cheyenne, Wyoming. It also finalized a 20-year offtake agreement with an unnamed buyer for the plant’s output. The deal’s conditions are expected to be met by Q2 2026. Reuters
Grid stress has zeroed in the market’s attention on reliability. PJM Interconnection logged nearly 21 gigawatts of generation outages on Sunday amid the winter storm, pushing spot power prices in parts of the East into the hundreds of dollars per megawatt-hour, Reuters reported. Pieter Mul, an associate partner at PA Consulting, noted, “Without native supplies of natural gas, the Eastern seaboard relies on a pipeline network that is historically constricted during extended bouts of frigid weather.” S&P Global Energy’s Matthew Palmer added, “the risk isn’t over.” Reuters
But the stock’s momentum can work against it just as fast. Any slowdown in deployments, manufacturing falling behind demand, or delays in major projects could quickly erode those gains — particularly since valuations already assume flawless execution.
Investors have a key date on February 5, when Bloom will release its fourth-quarter results after the market closes, followed by a conference call at 5 p.m. ET. Traders are focused on updates about capacity and deployment, and whether there’s any shift in how quickly new orders are converting into shipped megawatts. bloomenergy.com
