What Happened?
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE: BE) jumped 7.3% in the morning session after the stock's positive momentum continued as the company posted strong fourth-quarter results and provided an optimistic revenue forecast for 2026, driven by surging demand from the artificial intelligence (AI) sector.
Bloom Energy reported fourth-quarter revenue of about $778 million and a non-GAAP operating income of roughly $133 million, beating analyst estimates by 19% and 39%, respectively. Looking ahead, the company issued a robust revenue outlook for 2026. Management noted that AI was a significant catalyst for growth, with AI computer racks consuming nearly 100 times more power than their predecessors. This demand was reflected in the company's product backlog, which surged 140% year over year to $6 billion. Following the strong report, BTIG raised its price target on the stock to $165 from $145.
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What Is The Market Telling Us
Bloom Energy’s shares are extremely volatile and have had 82 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 13 days ago when the stock gained 7.7% on the news that Jefferies raised its price target on the stock and increased its 2026 revenue forecast. The firm lifted its price target to $92.00 from a previous $53.00. This change was supported by an increased revenue estimate for 2026, which Jefferies projected to reach $2.9 billion, 16% higher than consensus estimates, driven by orders from AEP and Quanta.
Bloom Energy is up 55.4% since the beginning of the year, but at $153.33 per share, it is still trading 9.2% below its 52-week high of $168.89 from February 2026. Investors who bought $1,000 worth of Bloom Energy’s shares 5 years ago would now be looking at an investment worth $3,667.
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