NEW YORK, Feb 4, 2026, 19:26 EST — After-hours
- Bloom Energy shares fell roughly 13% in after-hours trading following a steep drop on Wednesday
- Wall Street expects Q4 profits to dip compared to last year, despite an increase in revenue
- Investors are zeroing in on guidance and order flow linked to data-center power demand
Shares of Bloom Energy Corp fell 12.8% to $147.35 in after-hours trading Wednesday, following a volatile day where the stock fluctuated between $134.20 and $172.00.
The selloff hit amid a tough day for U.S. tech shares, with investors doubting lofty valuations and debating if the AI-fueled rally has run its course. “The market is suddenly skeptical and concerned about it,” said Jed Ellerbroek, portfolio manager at Argent Capital. Reuters
Bloom has emerged as a high-beta play on the rush to supply electricity for AI data centers, a trend that pushed clean-energy stocks into the limelight last month. The stock jumped close to 75% in January, according to S&P Global Market Intelligence data.
The company faces its next challenge soon. Wall Street analysts are forecasting earnings of $0.25 per share on $649.12 million in revenue, with profits slipping compared to last year while sales climb, according to Zacks data shared by Nasdaq.
On Feb. 3, Roth Capital’s Chip Moore maintained a Neutral rating but raised his price target to $133 from $103, according to a GuruFocus summary. The report highlighted Bloom’s solid-oxide fuel cell “Energy Server” systems, which generate on-site power using natural gas, biogas, or hydrogen. GuruFocus
The business model is straightforward but tough to evaluate quickly. Solid-oxide fuel cells generate electricity via a chemical reaction, not by burning fuel. The selling point? Fast, on-site power when the grid is under stress.
Investors are watching closely for updates on bookings, backlog, and delivery schedules, along with any hints from management about large, irregular orders linked to data-center expansions. Margins remain a key focus, particularly if the company relies on service and power sales to even out quarterly fluctuations.
Bloom’s recent momentum hinges on major contracts. In January, American Electric Power revealed its unit would acquire a large share of an option for Bloom’s solid-oxide fuel cells, in a deal valued at roughly $2.65 billion. AEP noted the offtake agreement depends on certain conditions, which it anticipates meeting by Q2 2026.
That said, the setup works both ways. If the company’s outlook is cautious or investors start doubting how quickly the data-center power surge turns into shipments and revenue, the stock could remain volatile — especially following a rally that attracts quick traders.
Bloom plans to report its fourth-quarter 2025 earnings Thursday after the market closes, followed by a conference call at 5:00 p.m. ET.
