Bloom Energy Stock Soars on Earnings Beat and AI Data Center Demand
Bloom Energy shares surged 18.1% in premarket trading after reporting third-quarter earnings that significantly exceeded analyst expectations. The fuel cell manufacturer posted adjusted earnings of $0.15 per share, beating the $0.10 consensus estimate, while revenue reached $519 million against projections of $428.1 million.
The company's installation revenue more than doubled year-over-year, driven by surging power demand from AI data centers. Gross margins expanded to 29.2%, up from 23.8% a year earlier. This marks Bloom Energy's fourth consecutive quarter of revenue beats, with shares poised to open at record highs if premarket gains hold.
Brookfield Asset Management's recent $5 billion commitment to Bloom's fuel cell technology underscores growing institutional confidence. Year-to-date, the stock has risen five-fold, dramatically outpacing the NYSE Composite Index's 13.6% gain.
