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    Bloom Energy (BE) Drew Call Option Interest From A $35 Billion Hedge Fund

    Simply Wall St·09/12/2026 12:18:44
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    • Bloom Energy (NYSE: BE) drew fresh attention as Situational Awareness hedge fund reentered markets by buying call options tied to the stock.
    • The fund, which previously faced a US$35b collapse and distressed sale to Citadel, is focusing new positions on AI related infrastructure plays.
    • Situational Awareness is targeting Bloom Energy alongside other AI exposed companies, signaling an options based approach rather than direct share purchases.
    • There is more to Bloom Energy than Situational Awareness' reentry via AI linked call options on the stock. Check out 4 warning signs (1 major) that Bloom Energy investors should know about.

    For readers looking to broaden this theme into a wider watchlist of power, data center and hardware beneficiaries, start with 89 AI infrastructure stocks.

    NYSE:BE 1-Year Stock Price Chart
    NYSE:BE 1-Year Stock Price Chart

    Bloom Energy designs and installs solid oxide fuel cell systems that supply on site electricity, placing the business in the electrical equipment segment that feeds directly into the power needs of data centers and other AI related infrastructure. Its US based operations and international footprint mean any shift in power demand tied to AI workloads can intersect directly with its project pipeline and customer mix.

    See which insiders are buying and selling Bloom Energy following this latest news.

    What Situational Awareness’ options move signals for Bloom Energy investors

    Situational Awareness choosing call options on Bloom Energy rather than buying shares feeds directly into the existing Narrative that this is a high conviction but high volatility AI power play. The hedge fund’s history of a US$35b to US$45b wipeout and distressed sale to Citadel underlines how fast sentiment can swing, which lines up with the risk flag of a highly volatile share price over the past 3 months. The focus on AI linked infrastructure also echoes the Narrative catalyst around hyperscaler data center demand and grid constraints, but it does not resolve concerns about reliance on natural gas, execution on 2 GW of capacity, or growing zero emissions competition.

    See how these catalysts shape Bloom Energy's path to a $264 fair value.

    The real proof point now is whether Bloom Energy’s upcoming quarters show progress on converting its reported US$20b backlog and large AI data center agreements, such as Oracle and Nebius, into installed megawatts and recurring service revenue that can help smooth out the sharp trading swings that options traders are leaning into.

    One unresolved question for Bloom Energy investors

    Projects, backlogs and power demand all matter, but who actually charts Bloom Energy’s course and how that leadership is rewarded is a separate story that can reshape the investment case. See who is actually steering Bloom Energy, and how they are paid.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.