The question is: Why?
There doesn't appear to be any new news out on Bloom Energy today. No upgrades, no downgrades, no initiations of coverage -- not even a shift in price target, according to our friends at analyst watcher StreetInsider.com (subscription required).
What there is, however, is the prospect of potential profits from the shares after Bloom Energy reports its fiscal Q1 2019 financial results a week from now, on May 6. Chances are investors are jumping on board Bloom stock in anticipation of some more big gains.
In February, analysts at Raymond James predicted that 2019 will be the year Bloom Energy achieves breakeven profits under GAAP, and turns from a cash flow negative company into one generating sustainable and growing free cash flow.
Q1's report could provide the first clues that Raymond James was right about that, and send Bloom Energy stock off to the races (again). Tune in after close of trading on Monday, May 6, to find out what Bloom's own management has to say about that.