NEW YORK, January 30, 2026, 19:51 (EST) — After-hours trading saw activity pick up sharply.
- Shares slipped 3.3% to $151.37, having fluctuated between $146.60 and $161.59
- Fuel-cell stocks fell steeply during the session, dropping more than the wider market.
- Attention turns to Bloom’s Feb. 5 earnings to catch the latest on deliveries, margins, and production plans
Shares of Bloom Energy Corp (BE) slipped roughly 3.3% to $151.37 in after-hours trading Friday, following a volatile day that saw the stock swing between $146.60 and $161.59 on roughly 11.5 million shares changing hands.
Investors are pulling back late in the week as they grapple with a rapidly changing picture: data centers demand power immediately, not years down the line. A Jan. 20 report from Bloom revealed its survey found developers are increasingly betting on on-site generation. About a third of data centers are projected to run entirely on-site power by 2030. Chief Marketing Officer Natalie Sunderland emphasized that developers “can’t afford delays.” (Bloom Energy)
Looking ahead, the next key event is just around the corner. Bloom plans to release its fourth-quarter 2025 earnings on Feb. 5, right after markets close. A conference call will follow at 5 p.m. ET. (Bloom Energy)
Friday’s slump hit more than just Bloom. Plug Power tumbled roughly 9.8%, FuelCell Energy lost about 8.9%, and Ballard Power Systems dropped some 6.4%. By comparison, the SPDR S&P 500 ETF edged down only around 0.4%.
California-based Bloom offers stationary fuel-cell power systems and electrolyzers, targeting clients who want distributed power instead of depending entirely on local grids. (Reuters)
Bloom’s stock has swung sharply this month on hopes it can deliver big off-grid projects. Back in early January, American Electric Power struck a deal to purchase roughly $2.65 billion worth of Bloom fuel cells for a new plant near Cheyenne, Wyoming, Reuters reported. The move is aimed at providing on-site power for a data-center development. (Reuters)
Analysts remain divided on how much the stock’s rally has already factored in the news. Jefferies bumped its price target to $92 from $53 but held onto an Underperform rating. Analyst Dushyant Ailani noted that focus might pivot “from macroeconomic tailwinds to execution.” (Investing)
The execution checklist is tightening up. On the Feb. 5 call, investors will focus on what Bloom reveals about 2026 deployments, the pace of ramping up output, and if costs stay aligned as orders increase.
The trade is crowded and expectations are sky-high. Even a hint of slower deliveries, weaker bookings, or cautious guidance could send the stock tumbling—it’s proven it can swing sharply both ways within one session.
Bloom’s results and outlook drop after the close on Feb. 5. Investors will be zeroing in on production figures, margins, and project timelines to gauge the direction for the week ahead.
