Bloom Energy Stock Rallies 13% as Oracle Confirms Project Jupiter Partnership

Key Facts

1Bloom Energy shares surged up to 13%, approaching the $300 level during Tuesday's trading session.

2The rally follows Oracle's confirmation of the Project Jupiter partnership involving 2.4 GW fuel cell capacity.

Bloom Energy shares surged up to 13%, approaching the $300 level during Tuesday's trading session on September 29, 2026. Blockonomi reported that the rally followed Oracle's confirmation of its partnership in Project Jupiter, which involves a 2.4 GW fuel cell capacity commitment, marking a significant rebound for the stock.

BE closed at $262.87 on September 28, 2026, while its partner Oracle (ORCL) closed at $132.6 on the same date. According to Blockonomi, Jefferies raised its price objective for Bloom Energy to $264, while RBC Capital reaffirmed an Outperform rating with a $335 price target, highlighting the company's manufacturing expansion in California.