BE Stock Surges 36% With A 5-day Winning Spree On AEP Deal
Bloom Energy (BE) stock hit day 5-day winning streak, with cumulative gains over this period amounting to a 36%. The company market cap has surged by about $8.6 Bil over the last 5 days, and currently stands at $33 Bil.
The stock has YTD (year-to-date) return of 60.9% compared to 1.7% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] American Electric Power (AEP) $2.65B Fuel Cell Deal
- AEP to purchase 900 MW of solid oxide fuel cells
- Evercore ISI reiterated “Outperform” rating with a $152 target
- Impact: Pre-market surge of 15.7% on Jan 8, 2026, Weekly price increase of 38.2%
Opportunity or Trap?
Below is our take on valuation.
There are only a couple of things to fear in BE stock given its overall Strong operating performance and financial condition. But given its Very High valuation, the stock appears Relatively Expensive (For details, see Buy or Sell BE).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for BE stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | BE | S&P 500 |
|---|---|---|
| 1D | 2.1% | -0.2% |
| 5D (Current Streak) | 35.6% | 0.3% |
| 1M (21D) | 28.2% | 0.9% |
| 3M (63D) | 27.2% | 4.6% |
| YTD 2026 | 60.9% | 1.7% |
| 2025 | 291.2% | 16.4% |
| 2024 | 50.1% | 23.3% |
| 2023 | -22.6% | 24.2% |
However, big gains can follow sharp reversals – but how has BE behaved after prior drops? See BE Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 91 S&P constituents with 3 days or more of consecutive gains and 75 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 26 | 62 |
| 4D | 54 | 7 |
| 5D | 6 | 6 |
| 6D | 3 | 0 |
| 7D or more | 2 | 0 |
| Total >=3 D | 91 | 75 |
Key Financials for Bloom Energy (BE)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $1.3 Bil | $1.5 Bil |
| Operating Income | $-208.9 Mil | $22.9 Mil |
| Net Income | $-302.1 Mil | $-29.2 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $401.2 Mil | $519.0 Mil |
| Operating Income | $-3.5 Mil | $7.8 Mil |
| Net Income | $-42.6 Mil | $-23.1 Mil |
While BE stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.