Bloom Energy shares rocket higher by 20%. It may be the new meme stock

As Bloom Energy shares go parabolic on rising data center demand for artificial intelligence, Wall Street believes it could be the next big meme stock for retail investors. Shares of Bloom Energy soared 22% on Wednesday after the fuel cell power company posted a first-quarter beat. Earnings, revenue and adjusted EBITDA for Q1 all topped analyst estimates. On top of that, Bloom energy hiked its full-year earnings guidance along with its operating income forecast for the current quarter. Wednesday's rally puts the stock more than 100% higher for April. Shares jumped earlier this month after Oracle inked a deal with Bloom Energy for more AI data center capacity, days after the tech old guard received a warrant to purchase $400 million worth of Bloom Energy stock. Oracle now expects to procure up to 2.8 gigawatts of Bloom Energy's systems to help sustain its surging data center energy demand. BE 1M mountain BE 1M chart Year to date, the stock has surged more than 200% — and it skyrocketed more than 291% in 2025 as it reversed a long-term downtrend. Between the end of 2020 and the beginning of 2024, the stock had lost nearly half of its value. The latest results left the Street broadly bullish about the company's prospects going forward. For Mizuho traders, Bloom Energy could be the new hot meme stock. "Bloom Energy is not semis, but it is a KEY Ai WINNER NAME and part of the power/ energy / electrification thematic that is well-liked and owned. …