Bloom Energy stock price jumps to a fresh 52-week high as data-center power crunch trade rolls on

Bloom Energy shares rose 7.5% to $110.82 in afternoon trading on Wednesday, after touching $112.38 earlier in the session. The stock traded between $103.75 and $112.38 on volume of about 10.2 million shares.

Bloom Energy shares fell about 1% on Wednesday after Clear Street raised its price target — an analyst’s estimate of where a stock could trade over the next 12 months — to $58 from $50 but reiterated a Hold rating, a neutral call. The stock was down 0.99% at $86.40 in afternoon trade, after ranging between $84.26 and $88.81 on volume of about 3.7 million shares. The broker raised its 2027 revenue estimate by 9% to $3.33 billion on expectations Bloom adds internal production capacity for data-center products, while citing valuation as the reason to stay on the sidelines, TheFly reported. TipRanks

Bloom Energy Corp shares fell on Tuesday as year-end positioning and a soft tape for growth stocks kept pressure on the fuel-cell maker. The stock was down 1.7% at $86.93 in afternoon trading.