Bloom Energy shares surge over 12% as Q1 revenue jumps 130% on Oracle AI partnership
Updated
Updated · MarketWatch · Apr 28
Bloom Energy shares surge over 12% as Q1 revenue jumps 130% on Oracle AI partnership
14 articles · Updated · MarketWatch · Apr 28
Bloom Energy reported first-quarter revenue of $751.1 million, beating Wall Street’s $540 million estimate, and raised its 2026 revenue outlook to $3.4–$3.8 billion following an expanded Oracle AI facility deal in New Mexico.
Non-GAAP profit reached 44 cents per share, well above consensus, and the company now expects 2026 profit of $1.85–$2.25 per share, up from previous guidance.
Bloom’s fuel-cell systems will replace gas and diesel generators at Oracle’s new AI facility, reflecting surging AI-driven demand for clean onsite power and contributing to the stock’s 160% year-to-date gain.
Bloom's stock is soaring, but can it deliver on a $20 billion backlog without stumbling?
Is Bloom Energy's on-site power the definitive solution to the AI-driven grid crisis?
As data centers desperately seek power, who are Bloom's biggest emerging competitors?
Could the supply chain for a rare mineral become Bloom Energy's Achilles' heel?
With its reliance on natural gas, how truly 'green' is the power behind the AI boom?
Oracle's massive 2.8 GW deal is signed. Which tech giant will be next for on-site power?