Bloom Energy falls 5% in October 20 trading ahead of third-quarter results
Key Facts
Bloom Energy shares fell 5.0% to $214.91 in morning trading on October 20, 2026, according to Investing.com, ahead of the company's third-quarter earnings release. The move followed a second quarter in which the company reported year-on-year revenue growth of 166%, according to its earnings statement. Bloom attributed that growth to a 215% increase in product revenue from the same period a year earlier, identifying products as the driver of its revenue increase. Alongside its second-quarter results, the company raised its full-year 2026 revenue guidance to a range of $3.9 billion to $4.2 billion. That places the upcoming third-quarter results in the context of reported financial growth and higher annual guidance, alongside an expansion of the company's partnerships tied to power for AI infrastructure.
On the project front, Bloom Energy's partnership with Nebius aims to bring 328 megawatts of installed capacity into operation during 2026, according to Nebius' statement on the collaboration. The program is tied to the buildout of AI infrastructure, with commissioning the planned capacity within the same year set as a partnership goal. Andrey Korolenko, Nebius' head of products and infrastructure, said "power remains a key constraint on building AI infrastructure." In power project financing, Bloom announced in June that it had expanded its cooperation framework with Brookfield to $25 billion. The previously announced framework totaled $5 billion, making the expansion 5 times the previous size, according to Bloom's statement. These agreements combine a framework for financing power projects with a plan to bring electricity capacity into operation for a partner building AI infrastructure.
FuelCell Energy, meanwhile, reported revenue of $33.0 million for its fiscal third quarter of 2026, according to an earnings statement filed with the U.S. Securities and Exchange Commission. That compares with revenue of $46.7 million in the fiscal third quarter of 2025, a year-on-year decline of about 29%. Its revenue trend thus differs from the growth reported by Bloom, although the companies' results cover different fiscal periods. On data center projects, FuelCell said it had signed a capacity reservation agreement with a major data center operator after its fiscal third quarter. The agreement concerns a planned 75-megawatt project in Texas, extending the company's activity in supplying power to the sector. Definitive agreements for the project were still being finalized, according to the same disclosure, while the stated capacity remains tied to the planned project.
At Plug Power, the latest disclosed operating figures focus on cash use during the third quarter of 2026, alongside the scheduling of its results presentation. The company estimated its net cash use during that period at about $28 million, according to its business update. It described the figure as a preliminary, unaudited estimate, a status it retains until the results are released. The nearest milestone is Bloom Energy's release of its third-quarter 2026 results after the market closes on October 22, 2026, according to the schedule set by the company. The announcement follows second-quarter results accompanied by an increase in annual revenue guidance, with the Nebius partnership targeting the commissioning of planned capacity during the year. That will be followed by Plug Power's third-quarter earnings call, which the company scheduled for November 9, 2026.