Bloom Energy Q2 Revenue Doubles to $1.07B, Crushes Estimates; Stock Surges 11%
BE has more than doubled off its 52-week low of $32.52 on elevated volume (2.2× avg).
Summary
Bloom Energy delivered a massive Q2 beat: revenue more than doubled to $1.07B, well above the $826M consensus, and adjusted EPS of $0.78 trounced the $0.41 estimate. The company swung to a $196M profit from a year-ago loss. Full-year guidance was raised to $3.9B–$4.2B in revenue and $2.55–$2.85 in adjusted EPS, both comfortably ahead of Street views. Shares jumped over 11% after hours, recovering most of the regular-session decline. CEO Sridhar highlighted accelerating demand from AI-driven hyperscalers and data centers, with backlog growing faster than revenue.
Updates
· Benzinga — Mizuho upgraded Bloom Energy to Outperform; shares rose 8.7% to $177.78.
At the time of this announcement, BE was trading at $184.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $47.5B. The 52-week trading range was $32.52 to $351.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.