Bloom Energy (BE) Sees Strong Share Price Momentum Amid Expectations For Strong Volumes

Bloom Energy Corporation (NYSE:BE) is one of the best AI energy stocks to buy now.

Bloom Energy (BE) Sees Strong Share Price Momentum Amid Expectations For Strong Volumes

On January 16, 2026, shares of Bloom Energy Corporation (NYSE:BE) surged to an all-time high of $147.93. Over the past year, the shares have climbed 470.43% as investor momentum remains strong amid the company’s growing role in next-generation, distributed power solutions. The optimism also stems from rising visibility into long-duration demand amid grid constraints and data-center-driven load growth.

The confidence builds upon the developments reported earlier in the month. On January 8, 2026, it was announced that one of American Electric Power’s subsidiaries exercised its option to acquire a substantial portion of Bloom Energy Corporation (NYSE:BE)’s solid oxide fuel cells. This translates into an unconditional agreement for roughly $2.65 billion in equipment under a 20-year offtake arrangement with a high-investment-grade third-party customer.

The move also gained analyst attention, with Evercore ISI describing the agreement as a significant achievement. The firm highlighted that expected volumes significantly exceed minimum commitments and reinforce the company’s commercial pipeline depth. Accordingly, the firm reiterated its ‘Outperform’ rating with a $152 price target on January 8, 2026. Amid stronger sales momentum from the solid oxide fuel cells order, Clear Street raised the price target on Bloom Energy Corporation (NYSE:BE) from $58 to $68, reiterating a ‘Hold’ rating on the same day.

Bloom Energy Corporation (NYSE:BE) focuses on designing and installing solid oxide fuel cell systems that generate electricity from natural gas or biogas and deliver on-site, low-emission power solutions for utilities and commercial customers.

While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.