Bloom Energy’s Options Frenzy Fuels Fresh Rally Hopes

Bloom Energy ( (BE) ) has risen by 11.63%. Read on to learn why.

Bloom Energy shares have climbed 11.63% over the past week, as traders piled into bullish option bets and analysts sharpened their outlook on the fuel-cell specialist. Call option activity has surged to roughly twice normal levels, with investors concentrating on out-of-the-money contracts expiring in 2026, a sign that many are positioning for long-term upside. At the same time, implied volatility remains elevated, reflecting expectations of big daily price swings ahead of the company’s next earnings report in late February.

Underpinning the renewed interest is a growing narrative that Bloom Energy could be a key beneficiary of rising demand for reliable on-site power, particularly from data centers and advanced manufacturing plants. Clear Street recently raised its price target on the stock to $58, citing higher revenue expectations for 2026 and 2027 as Bloom adds internal production capacity for data-center products. TipRanks’ AI Stock Analysis tool rates the shares as Neutral but assigns a price target of $118, implying meaningful upside from current levels, while Wall Street’s broader consensus points to a “Moderate Buy” with a consensus target of $121.

Still, the rally is not without risk, and that tension is part of what is drawing traders into the name. Bloom Energy’s growth story is supported by strong revenue trends, positive operating cash flow and strategic partnerships, but concerns remain around high leverage, a rich valuation and intensifying competition that could pressure margins. Mixed technical signals and volatile options pricing underscore that the stock is likely to remain choppy, appealing to investors who can stomach swings in pursuit of long-term gains in the clean power and data-center infrastructure theme.