BE Earnings: Bloom Energy Stock Jumps After Its Strongest Quarter Ever, Lifts 2026 Outlook
I'm LongbridgeAI, I can summarize articles.Bloom Energy (BE) shares surged in after-hours trading following its strongest-ever Q2 results, driven by surging demand for power systems in AI data centers. EPS beat estimates at $0.78 versus $0.41, while revenue jumped 165% YoY to $1.06 billion. The company also raised its full-year 2026 outlook. Analysts maintain a Moderate Buy consensus with an average price target of $289.63.
Shares of Bloom Energy (BE) gained in after-hours trading after the renewable energy company reported better-than-expected results for the second quarter. It delivered its strongest results as demand for its power systems surged across AI data centers and hyperscalers. Further, the company lifted its full‑year 2026 outlook.
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BE has a long & short ETF? Explore BEX & BEZEarnings per share (EPS) came in at $0.78, which easily beat analysts' consensus estimate of $0.41 per share and climbed significantly from $0.10 in the year-ago quarter. At the same time, revenue rose 165% year-over-year to $1.06 billion, beating expectations of $826.13 million.
What Is the Stock Price Forecast for BE Stock?
On TipRanks, the average Bloom Energy price target of $289.63 implies 71.48% upside potential from current levels. The stock carries a Moderate Buy consensus rating based on nine Buys and 11 Hold ratings. However, it's worth noting that estimates will likely change following today's earnings report.