Bloom Energy (BE) stock ended higher on Tuesday following reports that the company has acquired a 158,000-square-foot facility in Fremont, California. As investors cheered BE this morning, it broke decisively above its 20-day moving average (MA), indicating the upward momentum could sustain in the near term.
Following today’s surge, Bloom Energy shares are up roughly 235% versus the start of this year.
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www.barchart.comWhat Drove Bloom Energy Stock Higher Today
The new facility nearly doubles Bloom Energy’s current footprint in Fremont, and the acquisition supports its broader ambition to boost production capacity to 2 gigawatts by the end of this year.
Sentiment got a boost also as Ameren Missouri unveiled a 20-year energy plan proposing 500 MW of natural-gas fuel cells, highlighting a shift from individual corporate setups to large-scale utility planning.
Since Bloom’s solid-oxide fuel cells deliver rapid, on-site, around-the-clock power, it is ideally positioned to tap into that opportunity.
Barchart currently has an “88% BUY” average opinion on BE stock, which means the technical setup points to continued gains through the remainder of 2026.
Is It Already Too Late to Invest in BE Shares?
As of this writing, Bloom Energy shares are trading for about 140x forward earnings, which makes them expensive to own by any stretch of the imagination. Still, RBC Capital Markets analyst Chris Dendrinos recommends sticking with BE at current levels.
In a research note this morning, he maintained an Outperform rating on Bloom, with a $335 price target indicating potential upside of more than 25% from here.
Dendrinos remains convinced that BE’s solid oxide fuel cells are strongly positioned to meet the rapidly increasing AI power demand.
According to him, the year-to-date pullback in the clean energy stock, therefore, offers an attractive entry point for long-term, risk-tolerant investors.
Wall Street Remains Bullish on Bloom Energy
Investors should note, however, that other Wall Street analysts are not nearly as bullish on Bloom Energy as RBC’s Chris Dendrinos.
According to Barchart, while the consensus rating on BE shares remains at “Moderate Buy,” the mean price target of about $283 actually signals potential downside of more than 30% from here.
www.barchart.com On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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