Bloom Energy Corporation (NYSE:BE) is trending after the company reported second-quarter earnings Tuesday that surpassed $1 billion in quarterly revenue for the first time, alongside a wave of analyst activity.

• Bloom shares are showing limited movement. What’s next for BE stock?

Strong Q2 Results

Bloom reported EPS of 78 cents, beating the consensus estimate of 42 cents. Revenue came in at $1.065 billion, beating the consensus estimate of $851.4 million and representing 165.5% growth year-over-year, driven largely by product revenue that surged 215.4% to $935.4 million.

Gross margin expanded to 33.4% from 26.7% a year earlier, and operating income swung to $182.2 million from a $3.5 million operating loss in the prior-year period. Cash flow from operating activities improved to $226.4 million from a use of $213.1 million a year earlier.

“The demand for Bloom Energy’s solutions keeps accelerating every quarter as customers who traditionally defaulted to combustion technologies are now proactively choosing Bloom as a superior power solution,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “Today, all the major US hyperscalers and over a dozen US neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories.”

Lifts FY Guidance

Bloom raised its full-year 2026 revenue guidance to a range of $3.9 billion to $4.2 billion, representing 100% year-over-year growth at the midpoint.

The Bigger Picture

The report arrived amid heightened scrutiny of Bloom’s business. Short seller Hunterbrook Media published a report earlier this month alleging the company sourced a critical fuel cell material from Chinese suppliers through intermediary countries, despite the company’s denials, while other critics have flagged a gap between Bloom’s frequently cited $20 billion “contracted backlog” figure and the roughly $492 million in audited remaining performance obligations disclosed in its SEC filings. Coming into the print, shares had already rallied roughly 247% in the first half of 2026.

Analyst Consensus & Recent Actions

The stock carries a Buy rating with an average price forecast of $271.94. Recent analyst moves include:

• Mizuho: Upgraded to Outperform (Lowers Target to $242.00) (July 30)
• Truist Securities: Hold (Lowers Target to $218.00) (July 30)
• JP Morgan: Overweight (Lowers Target to $314.00) (July 29)

Bloom Shares Trade Higher

BE Price Action: At the time of publication, Bloom shares are trading 8.70% higher at $177.78, according to data from Benzinga Pro.

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