Global Finance News
29 Apr 2026, 19:33
Bloom Energy (BE) Surges 24% After Historic Earnings Beat
Bloom Energy shares rocketed 24% on Wednesday after a Q1 earnings report that shattered expectations. The fuel cell maker posted revenue of $751.1 million, up 130% year over year, while non-GAAP EPS of $0.44 came in nearly four times above analyst consensus (Investing com).
The driver is simple: soaring demand from AI data centers. Bloom's partnership with Oracle, covering up to 2.8 GW of fuel cell capacity, is seen as a defining multi-year contract (TIKR). Management raised its 2026 revenue forecast to $3.4 to $3.8 billion, well above the prior Street estimate of $3.2 billion (Motley Fool).
Morgan Stanley raised its price target to $310 from $184 and Loop Capital lifted its target to $290, both keeping bullish ratings (TipRanks).
Bloom Energy shares rocketed 24% on Wednesday after a Q1 earnings report that shattered expectations. The fuel cell maker posted revenue of $751.1 million, up 130% year over year, while non-GAAP EPS of $0.44 came in nearly four times above analyst consensus (Investing com).
The driver is simple: soaring demand from AI data centers. Bloom's partnership with Oracle, covering up to 2.8 GW of fuel cell capacity, is seen as a defining multi-year contract (TIKR). Management raised its 2026 revenue forecast to $3.4 to $3.8 billion, well above the prior Street estimate of $3.2 billion (Motley Fool).
Morgan Stanley raised its price target to $310 from $184 and Loop Capital lifted its target to $290, both keeping bullish ratings (TipRanks).
