After ending yesterday's market session nearly 10% lower than Friday's close, shares of Bloom Energy (BE +10.80%) are rebounding today. With a firm providing an optimistic outlook on fuel cell stocks, investors are clearly motivated to load up on shares.

As of 1:05 p.m. ET, shares of Bloom Energy are up 12.5%.

quImage source: Getty Images.

One firm suspects Bloom's demand is blossoming

After the market closed on Monday, RBC Capital reaffirmed its outperform rating and $335 price target on Bloom Energy stock. With shares closing at $262.87 yesterday, RBC Capital's price target implies more than 27% upside.

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NYSE: BE

Bloom Energy

Premium Feature

Moneyball Superscore

80/100

Today's Change

(10.80%) $28.38

Current Price

$291.25

Key Data Points

Market Cap

$77BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Day's Range

$271.20 - $302.35

52wk Range

$70.89 - $351.28

Volume

23.7M

Avg Vol

15.7M

Gross Margin

31.22%

According to Thefly.com, RBC cited the company's acquisition of 158,000 square feet of floor space in Fremont as an indication that the increase in manufacturing capacity may suggest the company is enjoying greater demand than previously thought, and that a rising backlog is likely.

Is the smart move to power your portfolio with Bloom stock today?

While many investors are finding sufficient motivation to acquire Bloom stock, it's important to recognize that RBC Capital's conclusion is speculative. Conservative investors interested in gaining exposure to fuel cell and hydrogen stocks would be better served by waiting for confirmation of the company's growing backlog when Bloom reports third-quarter 2026 financial results in the coming weeks.