Bloom Energy jumps after Oracle deal expansion

Bloom Energy

14/04/2026 09:39

** Fuel-cell maker Bloom Energy's BE.N shares jump 15.4% to $203.80 premarket after deal expansion with Oracle ORCL.N

** BE to supply ORCL  with up to 2.8 gigawatts of fuel cell capacity, the co said on Monday

** Co says its fuel cell systems can be rolled out much faster than traditional power options, helping customers get electricity sooner and with lower project risks

** J.P. Morgan JPM.N raises BE PT to $231 from $166, upside of 30.8% to its last close of $176.67

**  JPM believes scale of agreement, in addition to BE’s strong backlog could justify further capacity expansion

** Brokerage raises BE's FY26 adj. EPS forecast to $1.46 from $1.42

** 13 of 29 brokerages rate the stock "buy" or higher, 13 "hold" and 3 "sell" or lower; their median PT is $158 - LSEG-compiled data

** As of last close, BE stock has doubled YTD

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))