Why Bloom Energy Stock Surged 291% in 2025 And Is Climbing Even Higher

Bloom Energy (NYSE: BE) stock broke all records in 2025, surging 291.2% according to data provided by S&P Global Market Intelligence.

Why is Bloom Energy stock rallying this high?

It is the frantic race to build data centers amid the artificial intelligence (AI) boom, and Bloom's technology that's directly addressing the biggest challenge for the data center buildout.

Image source: Getty Images.

The 2 biggest 2025 catalysts for Bloom Energy stock

Massive partnerships

The global data center industry attracted over $61 billion in investments in 2025, according to data from S&P Global. Bloom Energy's energy servers, built on its solid-oxide fuel-cell technology, use fuels such as natural gas and hydrogen to generate reliable, uninterrupted electricity on-site, meeting a crucial need for power-hungry data centers.

In 2025, Bloom Energy signed a $5 billion partnership with alternative asset management company Brookfield Asset Management to build AI factories powered by Bloom Energy servers. Earlier in the year, Bloom Energy deployed fuel cells for Oracle in just 90 days, a speed that traditional utilities cannot match.

Financial milestones

In October 2025, Bloom Energy delivered its fourth consecutive quarter of record revenue. In the nine months that ended Sept. 30, Bloom's revenue jumped 38% to nearly $1.2 billion while gross profit surged by nearly 88%, helping Bloom cut down its operating and net losses significantly.

With Bloom Energy flipping from an operating loss in Q3 2024 to an operating income of $7.8 million in Q3 2025, investors believe the company is on a path to scale its business profitably. The impressive operational performance and a steady flow of deals sent the hydrogen stock surging in 2025.

How high can Bloom Energy stock go?

Shares of Bloom Energy have already gained another staggering 74% in 2026 so far after American Electric Power announced plans to buy solid oxide fuel cells in a $2.65 billion deal. In 2024, AEP signed an agreement with Bloom Energy for 100 megawatts (MW), with an option to purchase an additional 900 MW. The deal further solidifies Bloom's position as the go-to power supplier at data center sites.

Bloom Energy is also doubling capacity to meet torrid demand.

It isn't about chips anymore. Rapid, off-grid power deployment is the biggest need of the hour for data center builders and operators. Bloom Energy is making the most of the opportunity and remains the best hydrogen stock out there with an incredibly powerful long-term story. Its dizzying rally over the past year, however, could just make the journey ahead much more volatile. Bloom Energy stock, after all, is up 540% over the past year, as of this writing, and already commands a market cap of nearly $36 billion.

Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy, Brookfield Asset Management, Oracle, and S&P Global. The Motley Fool has a disclosure policy.