NEW YORK, July 24, 2026, 5:06 p.m. EDT — U.S. markets ended the day.
- Bloom ended Friday at $184.89, falling 14.9% for the day and recording a 14.0% decline over the week.
- Preliminary Q2 consensus is $766.9 million. The midpoint of guidance means $1.04 billion is needed per quarter in the second half.
- Second-quarter earnings will be released after the market closes on Tuesday, July 28.
Shares of Bloom Energy Corporation NYSE:BE dropped 14.9% on Friday, ending the session at $184.89. Over the week, the stock declined 14.0%. Trading volume reached approximately 15.8 million shares, surpassing the 65-day average by 29.5%.
The stock declined ahead of the second-quarter earnings release expected on Tuesday. The move highlighted a key challenge for the shares. Bloom’s outlook for the full year counts on a considerably stronger performance in the second half.
The initial Zacks consensus projects revenue of $766.9 million and adjusted earnings of 39 cents. This would represent a 91.1% increase in revenue compared to a year ago, but only a 2.1% gain over the previous quarter.
With the midpoint of guidance set at $3.6 billion, Bloom must generate $2.08 billion in revenue in the second half. This breaks down to $1.04 billion for each quarter. That figure is 35.7% higher than the initial Q2 estimate.
| 2026 revenue projection | Second half revenue needed | Second half quarterly average | Over preliminary Q2 forecast |
|---|---|---|---|
| $3.4 billion — minimum | $1.88 billion | $941 million | 22.7% |
| $3.6 billion — midpoint | $2.08 billion | $1.04 billion | 35.7% |
| $3.8 billion — maximum | $2.28 billion | $1.14 billion | 48.8% |
Calculations are based on the reported Q1 revenue of $751.1 million and presume Q2 matches the preliminary consensus estimate of $766.9 million.
The minimum target calls for two quarters with an average of $941 million. The upper threshold demands $1.14 billion each quarter. This defines the main earnings challenge.
The drop on Friday outpaced declines seen by peers. FuelCell Energy Inc. NASDAQ:FCEL fell 8.8%. Plug Power Inc. NASDAQ:PLUG slipped 4.1%. The S&P 500 was up 0.05%.
Bloom’s shares have traded between $32.52 and $351.28 in the past 52 weeks. The closing price on Friday was 47.4% lower than the high on June 25. The broad span highlights the rapid shift in sentiment.
The week showed volatility. Bloom jumped 14.8% on Tuesday after JPMorgan Chase & Co. NYSE:JPM analyst Mark Strouse raised his price target to $346 from $267 while maintaining an Overweight rating.
Strong demand continues. Infrastructure Data Finance and Oaktree have pledged $1.7 billion to fund Bloom systems meant for Nebius Group N.V. NASDAQ:NBIS AI locations. The investment aims to speed up behind-the-meter power installations.
Bloom’s chief commercial officer, Aman Joshi, stated that AI clients require “a path to finance and deploy power rapidly.” The investment aims to resolve that issue but does not affect the timing of revenue recognition for Bloom. PR Newswire
First-quarter figures create a high benchmark. Revenue stood at $751.1 million, representing a 130.4% increase. Non-GAAP gross margin came in at 31.5%, compared with a full-year goal of roughly 34%.
Bloom is scheduled to announce results after Tuesday’s market close, with the conference call set for 5 p.m. ET. Investors are expected to watch for revenue guidance, gross margin, and operating cash flow.
Execution risks are still significant. The ramp-up in the second half reduces flexibility for schedule setbacks or margin erosion. In July, a short-seller report questioned Bloom’s disclosures; Bloom denied the allegations in an SEC filing.
The report is set to evaluate the outlook for the second half. Keeping the current forecast would sustain the growth narrative, while a reduction would highlight a greater execution shortfall.
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