Bloom Energy Corp (BE) shares powered higher Thursday afternoon, and this time there's a pretty clear catalyst. The energy technology company recently locked in a $600 million credit facility with Wells Fargo, and investors are treating it like the financial equivalent of rocket fuel.

The Credit Deal That's Got Everyone Talking

Here's what happened: Bloom Energy announced a new senior secured multicurrency revolving credit facility with Wells Fargo, giving them access to $600 million through December 2030. That's not pocket change, and the company plans to put it to work funding operations, capital expenditures, and potentially buying other companies.

This kind of financial breathing room tends to make investors happy, especially when a company is scaling operations. And scale it has. The stock has absolutely exploded over the past six months, surging 400%. Yes, you read that right. Though it's worth noting the shares are still trading below their 52-week high of $147.86, which they hit earlier in 2025.

The broader market was doing its usual mixed-signal dance Thursday. The Nasdaq-100 dropped 0.59% while the Dow Jones gained 0.54%. The State Street Industrial Select Sector SPDR ETF (XLI) climbed 0.75%, but Bloom Energy's move appears to be its own story, driven by company-specific news rather than riding the market's coattails.

What the Charts Are Saying

If you're into technical analysis, the picture looks pretty bullish. The stock was trading 29.9% above its 20-day simple moving average and 14.2% above its 50-day SMA. That's strong short-term momentum by any measure. Over the past year, shares have rocketed approximately 401.93%, positioning them much closer to their 52-week highs than lows.

The RSI sits at 58.72, which is neutral territory. Translation: the stock isn't screaming overbought or oversold right now. Meanwhile, the MACD is above its signal line, which technical traders interpret as bullish momentum. Put those two together, and you've got what looks like room to run, at least according to the chart readers.

The key resistance level to watch is $125.50. If the stock can break through that ceiling convincingly, it could be off to the races again.

The Earnings Picture

Investors have their eyes on the next earnings report, scheduled for February 26. Here's what Wall Street is expecting:

• EPS Estimate: 24 cents (that's down from 43 cents year-over-year, which is not great)
• Revenue Estimate: $644.13 million (up from $572.39 million year-over-year, which is much better)
• Valuation: P/E ratio of 1350.0x (which is, let's be honest, astronomical)

That P/E ratio tells you everything about how this stock is being valued. It's priced for absolute perfection, with investors betting big on future growth rather than current profitability.

What the Analysts Think

The analyst community is all over the map on this one. The consensus rating is Outperform with an average price target of $69.40. But look at the individual calls, and you'll see some wild divergence:

• Clear Street: Hold rating with a price target raised to $58
• BofA Securities: Underperform rating with a price target raised to $39
• Morgan Stanley: Overweight rating with a price target raised to $155

That's a $116 spread between the bears and the bulls. Morgan Stanley is essentially saying the stock could climb another 27% from current levels, while BofA thinks it should fall by two-thirds. The 44% expected earnings decline adds another layer of complexity. Analysts who remain bullish are clearly betting on revenue growth and longer-term potential rather than near-term profitability.

The High-Flyer Setup

According to market analytics, Bloom Energy scores a 99.32 out of 100 on momentum and a 97.57 out of 100 on growth. Those are exceptional numbers. But here's the catch: it scores just 2.31 out of 100 on value. That means the stock trades at a steep premium compared to peers.

This is what market watchers call a "High-Flyer" setup. The momentum is undeniable, and the growth trajectory looks strong. But that valuation is priced for perfection. Any stumble, any earnings miss, any hint that the growth story might slow down, and this stock could give back gains quickly. If you're riding this trend, tight stop-losses are your friend.

The ETF Connection

Here's something important that doesn't get talked about enough: Bloom Energy carries significant weight in several clean energy ETFs:

• iShares Global Clean Energy ETF (ICLN): 9.38% weight
• First Trust NASDAQ Clean Edge Green Energy ETF (QCLN): 6.91% weight
• SPDR S&P Kensho Clean Power ETF (CNRG): 7.82% weight

When you're that big a chunk of an ETF, your fate becomes partially tied to fund flows. If investors pour money into clean energy ETFs, those funds have to buy more Bloom Energy shares automatically to maintain their target weights. The reverse is also true: if money flows out of these ETFs, they have to sell Bloom Energy regardless of company fundamentals. It's mechanical buying and selling that can amplify price movements in both directions.

Thursday's Price Action

Bloom Energy shares closed Thursday up 12.80% at $121.84. That's a substantial single-day gain, especially for a stock that's already up 400% over six months. The credit facility announcement gave investors a concrete reason to be optimistic about the company's ability to execute its growth plans.

But remember that valuation. At a P/E of 1350.0x and a value score of 2.31 out of 100, this stock is priced like it's going to change the world. Maybe it will. The momentum and growth scores suggest the market believes in that story right now. Just know what you're buying into: a high-momentum, high-growth, high-valuation play that could deliver spectacular returns or spectacular losses depending on whether the company can live up to those sky-high expectations.