Bloom Energy (NYSE: BE) stock has surged 33.4% this week to hit a 52-week high of $93.80 per share. RBC Capital analyst Christopher Dendrinos raised the stock’s price target to $75 per share, citing potential projects for the hydrogen fuel cell maker.

RBC Capital revealed that BFC Power has filed for approval to construct a 900-megawatt power plant in Wyoming using Bloom Energy’s fuel cells. The plant will support a 1.8-gigawatt data center, showcasing Bloom Energy’s opportunities in the growing data center market.

Data centers in the U.S. are booming, leading to increased demand for electricity. The International Energy Agency projects data centers to drive nearly 50% of electricity demand growth through 2030, highlighting the need for reliable power sources like Bloom Energy’s fuel cells.

Bloom Energy continues to grow, posting record revenues and profits. The company projects 2025 revenue between $1.65 billion and $1.85 billion, with plans to double capacity to 2 gigawatts by the end of 2026. Investors are drawn to Bloom Energy’s potential in the clean energy sector.

Despite its recent success, Bloom Energy was not included in the Motley Fool Stock Advisor’s list of the 10 best stocks for investors to buy now. The Stock Advisor team has a total average return of 1,063%, outperforming the S&P 500 with monster returns from selected stocks.

Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy. The article “Why Bloom Energy Stock Hit All-Time Highs This Week and Is Up 300% in 2025” was originally published by The Motley Fool.

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