The options flow for BE shows a notable call sweep in the April 17, 2026 expiration, with traders aggressively buying the $175 strike calls at the ask. Total daily volume reached 879 contracts at the time of the trade. Against an open interest of just 180, this produces a V/OI ratio of ~4.9, which strongly suggests new positioning rather than closing activity.
The trade carried a substantial $2.2 million premium, with contracts priced around $25.25 while BE traded near $152.46. This establishes the calls as out-of-the-money at execution. With roughly three months until expiration, this flow indicates a bet on significant volatility over the intermediate term. The sweep execution further reinforces the urgency and conviction behind the trade.
Volume and Open Interest Data
The volume and open interest data for the BE $175 call expiring 04/17/2026 highlights a clear surge in recent activity that points to fresh positioning. On 01/21/26, volume spiked to 1,089 contracts while open interest sat at 180. This confirms that the majority of this flow represents new contracts rather than existing positions being closed. Prior sessions showed relatively muted volume, making this jump especially notable.
Despite the heavy volume, open interest only increased marginally from the previous trading session. This suggests that much of the activity occurred intraday via sweeps or was partially offset. Contract pricing pushed higher into the $23–$24 range, alongside elevated implied volatility near 109%. This reinforces evidence for strong demand for volatility exposure. Overall, the sharp volume expansion versus modest OI underscores aggressive, conviction-driven call buying in this long-dated BE contract.
More Notable Options Trades Observed
The option order flow for BE also showed a significant call sweep in the March 20, 2026 $110 strike calls, signaling strong conviction. The trade was executed on the ask/above the market, confirming aggressive call buying. The single sweep’s size was recorded at 500 contracts. Meanwhile, the total session’s volume climbed to 2,909 contracts.
The activity occurred against an open interest of 5,575, resulting in a V/OI ratio of ~0.52. This suggests a mix of new positioning and existing liquidity rather than a pure opening trade. Notably, the premium paid reached approximately $2.3 million, with contracts priced near $45.62. Meanwhile, BE traded around $146.41 at the time of the trade, placing these calls deep in-the-money. With just a couple of months until expiration, this flow reflects short-term exposure and reinforces the broader theme of institutional demand for BE upside into 2026.
What’s Happening with BE
Bloom Energy Corp has been in the spotlight recently as it rides a powerful wave of AI‑driven data center demand and prepares to report its fourth‑quarter 2025 results on February 5, 2026, after the market close. The company has released its 2026 Data Center Power Report, highlighting how data centers plan to reduce reliance on traditional grids. This reinforces Bloom’s positioning as a key provider of onsite, low‑carbon fuel‑cell power solutions for hyperscalers and large enterprises.
Strong 2025 execution, including multiple record revenue quarters, a $5 billion strategic AI infrastructure partnership with Brookfield, and a $2.2 billion upsized 0% convertible notes offering to fund expansion, has driven the stock to all‑time highs and more than a 500% gain over the past year. Analysts now see Bloom as a central beneficiary of the AI infrastructure build‑out but caution that, after a roughly 70% year‑to‑date surge in 2026, expectations are elevated heading into the upcoming earnings release.
About BE
Bloom Energy Corp is a clean energy company focused on providing reliable, low-carbon power solutions for businesses and utilities. The company is best known for its Bloom Energy Servers, which use solid oxide fuel cell technology to generate electricity on-site using fuels such as natural gas, biogas, or hydrogen, without combustion.
This allows customers to reduce carbon emissions while maintaining consistent power availability. Bloom Energy serves data centers, manufacturing facilities, healthcare systems, and commercial campuses, positioning itself at the intersection of energy resilience, decarbonization, and the growing demand for distributed power infrastructure.
Analyst Ratings
| Firm / Source | Rating / View | Last Updated |
|---|---|---|
| Market Edge | Neutral (from Avoid) | 01/12/2026 |
| Morningstar | ★ (Sell) | 01/08/2026 |
| LSEG | Hold | 01/20/2026 |
| Schwab Equity Ratings | C (Neutral) | 01/21/2026 |
Analyst sentiment on Bloom Energy (BE) appears mixed to cautious, with most firms clustering around neutral or hold-style ratings. Market Edge has recently improved its stance from Avoid to Neutral, suggesting reduced downside risk but limited near-term upside conviction. Morningstar remains the most bearish with a one-star sell rating, indicating valuation or fundamental concerns.
LSEG’s Hold rating and Schwab’s C grade further reinforce a wait-and-see outlook among analysts. Overall, the ratings reflect uncertainty around BE’s growth trajectory and execution, despite ongoing investor interest highlighted by recent options activity.
Want to see more of these trades? Try out Cheddar Flow free for 7 days. Learn More
Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
