StocksMediumUpdated×4•Originally published 28 April 2026•Updated 29 April 2026•
1 min read
Bloom Energy Raises Full-Year Guidance Following Q1 Profit Turnaround
Key Facts
1Bloom Energy reported a first-quarter profit of $70.7 million, reversing a loss of $23.8 million from the previous year.
2The company raised its full-year guidance citing increased demand for digital power solutions.
Bloom Energy reported a significant financial turnaround in Q1 2026, posting adjusted EPS of 44 cents, which vastly outperformed analyst estimates. Quarterly revenue reached $751.1 million due to robust demand from AI data centers, driving BE shares to trade around the $278.50 level during the midday session. This strong performance triggered a broader sector rally, with FuelCell Energy shares surging 32% and Plug Power rising 9%. Consequently, management raised its full-year revenue guidance to a range of $3.4-$3.8 billion. Following the blowout results, Citi raised its price target for Bloom Energy to $281 while maintaining a neutral rating despite the significant upward momentum.