NEW YORK, December 29, 2025, 19:24 ET — After-hours
- Bloom Energy shares eased in after-hours trading, extending a soft regular-session move.
- Clear Street raised its price target while reiterating a Hold rating.
- Fuel-cell peers also traded lower as investors weighed growth valuations and macro cues.
Bloom Energy Corporation NYSE:BE shares fell nearly 2% in after-hours trading on Monday, even after broker Clear Street raised its price target while maintaining a Hold rating on the fuel-cell maker. The stock was at $88.41 after the bell, and traded between $86.20 and $92.50 during the session.
The analyst update matters because Bloom has become a high-beta proxy for the race to secure power for AI data centers, a theme that has driven sharp moves across the stock in 2025. Brookfield Asset Management said in October it would invest up to $5 billion in Bloom’s fuel-cell technology for data centers, and Evercore ISI analysts wrote the systems offer “reliable, scalable and clean on-site power.”
Bloom said in July it would collaborate with Oracle to deliver on-site power to Oracle AI data centers, adding to the company’s data-center narrative.
The pullback came against a weaker backdrop for equities. The S&P 500, Nasdaq and Dow all finished lower on Monday, Reuters market data showed.
Clear Street lifted its target to $58 from $50 while reiterating Hold, a stance that often signals analysts want more proof on execution or a better entry point. A price target is typically a 12-month estimate of where an analyst thinks a stock should trade.
Bloom sells solid-oxide fuel cells, devices that generate electricity through an electrochemical reaction rather than combustion. Investors have focused on the technology as “behind-the-meter” power — electricity produced onsite — that can be deployed faster than some grid upgrades.
Fuel-cell peers also slipped on Monday. FuelCell Energy fell about 3.7%, Plug Power dropped 4.6% and Ballard Power Systems eased 2.3%, putting a softer tone across the group.
What investors watch next is less about incremental target changes and more about orders, backlog conversion and margins tied to large deployments. Bloom’s next earnings release is expected on Feb. 26, 2026, according to Zacks.
Macro signals are also in focus, particularly anything that shifts interest-rate expectations and the discount rates used for growth stocks. Reuters reported investors are looking ahead to the release of Federal Reserve meeting minutes for clues on the policy path.
For now, Bloom’s shares are sitting near the lower end of Monday’s range after failing to hold an early bounce. Traders will be watching whether the stock can stabilize above the day’s low near $86, or whether sellers press for another leg down.
Bulls are still betting that data-center customers pay for speed and reliability, and that Bloom can scale deliveries without squeezing cash. Bears argue much of the upside is already priced in at current levels, leaving the stock vulnerable to any stumble in execution.
Bloom returns to the regular session on Tuesday with the same cross-currents in place: a powerful data-center demand story, choppy year-end liquidity, and a market still leaning on macro signals to set the tone.
