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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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