The clean energy industry is undergoing a renaissance of sorts, as investors revisit it and its emerging array of technologies aimed at powering the AI boom.
Bloom Energy’s third quarter results were marked by a notable acceleration in demand for its on-site power solutions, particularly from sectors driven by artificial intelligence (AI) infrastructure buildouts. Management credited the company’s robust commercial momentum to expanding customer adoption in both the AI ecosystem and traditional industrial markets. CEO K.R. Sridhar emphasized that Bloom’s modular fuel cell technology, which has seen consistent year-over-year cost reductions and performance improvements, is now competitive in new geographic and vertical markets. Notably, Sridhar cited recent wins with major telecom and semiconductor companies as evidence of Bloom’s growing reputation as a reliable power provider.
Power resiliency solutions provider American Superconductor (NASDAQ:AMSC)
will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 5.7% in the afternoon session after the company built on recent positive momentum as it forged a multi-billion dollar partnership and reported strong quarterly results. Bloom Energy entered a $5 billion partnership with Brookfield Asset Management to build AI factories powered by its fuel cell technology. This deal was seen as a strong endorsement of its technology. Adding to the good news, the company delivered its fourth straight quarter of record revenues in the third quarter, with sales soaring 57% year over year. To meet the rising demand, Bloom Energy also planned to double its manufacturing capacity by the end of 2026. In response to these developments, several analysts raised their price targets on the stock, including firms like Susquehanna, J.P. Morgan, and HSBC.
Vanguard S&P 500 ETF has smaller assets under management (AUM) but provides large-cap exposure and lower costs compared to the iShares Russell 2000 ETF.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 3.8% in the afternoon session after the company announced the pricing of an upsized $2.2 billion offering of convertible senior notes.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 21% in the afternoon session after the company reported third-quarter financial results that significantly beat Wall Street's expectations on both revenue and profit.
