Bloom Energy jumps after Oracle deal expansion

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