New York, Feb 5, 2026, 12:02 EST — Trading in the regular session.
- Bloom Energy shares dropped roughly 5% in regular trading, adding to the steep decline seen earlier this week
- Company will release fourth-quarter earnings after the market closes, with a conference call scheduled for 5 p.m. ET
- Shares have dropped roughly 21% from Tuesday’s intraday peak amid a broader pullback in fuel-cell stocks
Shares of Bloom Energy Corp dropped again on Thursday, marking a second straight day of losses as investors braced for the fuel-cell company’s quarterly report due later. The stock slid 4.9% to $140.10, with intraday swings ranging from $131.75 to $149.50.
The company will report its fourth-quarter 2025 results after the market closes (post-4 p.m. Eastern) and hosts a conference call at 5 p.m. Eastern. This update comes as the stock tries to absorb a rapid rally that has already lifted expectations sharply.
Bloom hit an intraday 52-week high of $176.49 on Tuesday, according to MarketBeat. By Thursday, the stock had slipped to about 21% below that high.
Shares dropped as much as 18% on Wednesday, reported, as traders debated whether the company can meet expectations already baked into the stock. Analysts were forecasting earnings per share around 24 cents on revenue near $646.84 million, the report noted.
Wall Street remains divided. Roth Capital’s Chip Moore raised his price target to $133 from $103 but maintained a Neutral rating. On the other hand, China Renaissance kicked off coverage with a Buy rating and a $207 target, as reported by GuruFocus.
The retreat hasn’t been exclusive to Bloom. Plug Power dropped roughly 7.8%, FuelCell Energy shed around 6.5%, and Ballard Power slipped close to 6.1% during Thursday’s session.
Bloom’s optimism partly stems from data centres hunting for onsite power solutions as grid timelines drag out. “Data center and AI factory developers can’t afford delays,” Bloom Chief Marketing Officer Natalie Sunderland said in a January report on data-centre power trends. Business Wire
Bloom’s rally gained momentum after major utility news. In January, American Electric Power announced its unit plans to purchase roughly $2.65 billion worth of Bloom’s solid oxide fuel cells for a new generation plant near Cheyenne, Wyoming, pending certain conditions.
But the setup works both ways. If management issues cautious guidance for 2026—whether on orders, margins, or cash needs—a stock that’s already re-rated sharply could face another steep drop, particularly if major projects delay or customer commitments wane.
Investors are set to focus on 2026 guidance and bookings, plus any updates on delivery schedules for data-centre and utility projects. Bloom’s earnings call is slated for 5 p.m. Eastern on Thursday.
