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StocksMediumUpdated•Originally published 30 June 2026•Updated 30 June 2026•

1 min read

Bloom Energy shares surge over 1,000% in a year on AI data center power demand, but high valuation raises questions

Key Facts

1Bloom Energy shares rise after CEO comments that legacy turbines are a poor fit for hyperscale data centers.

In the race to secure reliable power for AI data centers, Bloom Energy shares have surged over 1,000% in the past year, according to a Seeking Alpha analysis. Revenue jumped 130% and adjusted EPS rose 15x year-over-year, reflecting accelerating demand for the company's fuel cell solutions.

about 1 hour ago

Version History

Version 1about 1 hour ago

What changed: Headline and body fully rewritten to reflect massive financial growth and high valuation, instead of focusing solely on previous CEO comments.

The results follow earlier CEO comments that legacy turbines are a poor fit for hyperscale data centers, positioning fuel cells as the preferred solution. However, the stock trades at a forward PE exceeding 100x, per Seeking Alpha, reflecting steep market expectations. Analyst estimates project nearly $10B in revenue and over $7 EPS by 2028.

Technically, the stock closed at $275.01 on June 29, 2026, recovering from an intraday low of $261.33. Investors are watching for new contract announcements to justify the rich valuation, as the extreme forward PE poses a risk if growth slows. Next quarter's results will be key to sustaining momentum.