What Happened?
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE: BE) jumped 14.5% in the afternoon session after news that its fuel cells were set to power a new 900-megawatt power facility in Wyoming, adding to a wave of positive sentiment from Wall Street analysts.
BFC Power advanced its plans to build the large plant in Laramie County, which would use Bloom Energy's fuel cells for continuous power. This development followed a series of bullish analyst reports. Multiple investment firms raised their price targets for the stock, including RBC Capital, BTIG, Morgan Stanley, and UBS. The core reason for the optimism was the soaring power demand from the artificial intelligence (AI) and high-performance computing sectors. Analysts noted that the buildout of data centers strained U.S. power supply chains, creating a significant opportunity for Bloom's fuel cells, which could be deployed rapidly to meet urgent power needs. The company's recent deal to supply power for Oracle's AI data centers was highlighted as proof of its ability to meet this demand.
The shares closed the day at $84.68, up 15% from previous close.
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What Is The Market Telling Us
Bloom Energy’s shares are extremely volatile and have had 68 moves greater than 5% over the last year. But moves this big are rare even for Bloom Energy and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 5.5% on the news that an analyst at BTIG significantly raised the company's price target, pointing to soaring power demand from the artificial intelligence (AI) sector. BTIG maintained its Buy rating on Bloom Energy while lifting its price target to $80 from $42. The firm highlighted that the rapid buildout of AI and high-performance computing (HPC) data centers is straining U.S. power supply chains, extending lead times for traditional equipment by 2-3 years. This creates a significant opportunity for Bloom's fuel cells, which can be deployed rapidly to meet urgent power needs. This bullish sentiment echoes recent upgrades from other Wall Street analysts. Morgan Stanley recently increased its target to $85, citing a "massive inflection in demand" following Bloom's deal to supply on-site power for Oracle's AI data centers. To capitalize on this demand, Bloom is expanding its Fremont facility to increase production capacity. While the stock has rallied on the AI hype, some analysts remain cautious, pointing to the company's stretched valuation.
Bloom Energy is up 262% since the beginning of the year, and at $84.57 per share, it is trading close to its 52-week high of $86.27 from September 2025. Investors who bought $1,000 worth of Bloom Energy’s shares 5 years ago would now be looking at an investment worth $4,707.
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