Bloom Energy shares surge 6.08% intraday after securing $2.65B AEP contract and $5B Brookfield partnership for fuel cell expansion.

Bloom Energy surged 6.08% intraday following a landmark $2.65 billion contract with American Electric Power for solid-oxide fuel cells, announced in early January 2026. The deal, supporting a 900 MW Wyoming facility with a 20-year offtake agreement, underscored growing demand for alternative energy amid the AI-driven power surge. Concurrently, Q3 results showed 57% year-over-year revenue growth to $519 million and a narrowing loss, while analyst upgrades (e.g., Morgan Stanley raised price target to $155) and bullish commentary from Jim Cramer amplified investor confidence. Despite prior insider selling pressure, the stock’s rally reflected optimism around Bloom’s execution in large-scale projects and its $600 million credit facility, which bolsters capacity expansion. The move aligns with broader market enthusiasm for clean energy infrastructure amid grid strain and AI sector growth.