NEW YORK, July 27, 2026, 05:03 EDT — U.S. premarket trade ended with the regular session now closed.
- Bloom finished Friday at $184.89, falling 14.9%, and declined 14.0% for the week.
- Early Q2 projections indicate sequential revenue growth of only 2.1%.
- The midpoint for 2026 calls for approximately $1.04 billion each quarter in the latter half.
Bloom Energy Corporation NYSE:BE approaches its Tuesday earnings release facing a significant revenue climb. The most recent Zacks forecasts project second-quarter revenue at $766.88 million, reflecting a 2.1% rise from the previous quarter.
To meet its $3.6 billion guidance midpoint, the company must generate $2.08 billion in the second half, or about $1.04 billion each quarter. This is 35.7% higher than the Q2 forecast.
The focus now turns to management’s delivery schedule for the second half. Major contracts need to be executed and reflected as booked revenue.
Bloom ended Friday at $184.89, falling 14.9%. The stock dropped 14.0% for the week, though it surged 14.8% on Tuesday. Early Monday at 4:57 a.m. EDT, shares were poised to open up 5.7% at $195.44.
The share price is still 47.4% under its June peak of $351.28. On Friday, the company’s market capitalization stood at $52.59 billion, which is about 14.6 times its projected 2026 sales at the midpoint.
The decline in fuel-cell shares reached past Bloom as FuelCell Energy NASDAQ:FCEL slid 8.8% on Friday, and Plug Power NASDAQ:PLUG slipped 4.6%. The S&P 500 posted a slight gain, while the Nasdaq decreased by 0.6%.
The yearly forecast figures are still challenging. The math is based on the first quarter’s actual revenue along with the early second-quarter consensus.
| 2026 revenue goal | Implied second-half revenue | Needed Q3/Q4 average | Increase over Q2 forecast |
|---|---|---|---|
| $3.4 billion at low range | $1.882 billion | $941 million | 22.7% |
| $3.6 billion midpoint | $2.082 billion | $1.041 billion | 35.7% |
| $3.8 billion at high range | $2.282 billion | $1.141 billion | 48.8% |
Bloom is set to publish its results following Tuesday’s market close. The management team will host a conference call beginning at 5 p.m. EDT. Early projections point to adjusted earnings of 39 cents per share.
The company posted a solid first quarter, with revenue climbing 130.4% to $751.1 million, driven by product growth of 208.4%. Non-GAAP gross margin came in at 31.5%, and operating cash flow totaled $73.6 million.
Bloom increased its 2026 outlook in April, projecting revenue between $3.4 billion and $3.8 billion. The company estimated a non-GAAP gross margin close to 34%. Adjusted EPS was guided in the range of $1.85 to $2.25.
Bloom is “rapidly becoming the standard and ‘go-to choice’ for on-site power,” Chief Executive K.R. Sridhar said. Investors will see on Tuesday whether the company’s growth rate matches the confidence in demand. SEC
In April, Oracle NYSE:ORCL committed to acquiring as much as 2.8 gigawatts in fuel-cell capacity. The first phase, involving 1.2 gigawatts, has already been contracted and is currently in the process of deployment. Subsequently, Brookfield Asset Management NYSE:BAM extended its project-financing deal with Bloom to $25 billion.
The numbers differ from quarterly revenue. The call requires more clarity around deployment schedules, conversion targets, and margin projections.
Risks are balanced on both sides. The scheduling of projects can move sales from one quarter to another. A high sales multiple could amplify any reduction in guidance, whereas accelerated deployments might cause present estimates to appear cautious.
The central event of the week takes place on Tuesday evening. A Q2 outperformance would be beneficial, but maintaining guidance hinges on providing a convincing roadmap for the second half.
Related articles: NYSE:BE
