New York, February 6, 2026, 18:12 (EST) — In after-hours trading
- Bloom Energy shares tacked on roughly 5% in late trade, recovering after a bumpy Friday session.
- The company is targeting 2026 revenue between $3.1 billion and $3.3 billion, with a non-GAAP EPS outlook in the range of $1.33 to $1.48.
- BTIG and BMO raised their price targets, with attention turning to how quickly the backlog gets converted and the trajectory for margins.
Bloom Energy Corp (NYSE:BE) climbed roughly 4.8% in after-hours trading Friday, sending shares to $143.03. During the main session, shares bounced from $133.90 up to $158.29. Volume landed at approximately 20.9 million shares.
Bloom is looking for full-year 2026 revenue somewhere between $3.1 billion and $3.3 billion, according to its SEC filing, with non-GAAP EPS seen in a range of $1.33 to $1.48. For the fourth quarter of 2025, the company booked $777.7 million in revenue. Its product backlog—future sales already under contract—sits near $6 billion.
Timing is critical here. Investors are snapping up anything tied to AI data centers—power isn’t an afterthought anymore; it’s the bottleneck.
Bloom’s “Energy Server” units make power where it’s needed, usually using natural gas. Lately, it’s been a basic bet: makers of electrical hardware have to show they can turn surging data-center orders into actual shipments—without watching their margins slip away.
Bloom reported 2025 revenue at a record $2.02 billion, a 37.3% jump over the prior year. Operating income climbed to $72.8 million. Gross margin for the fourth quarter narrowed to 30.8%, down from 38.3% a year ago. Still, the company produced $418.1 million in cash flow from operations.
Looking ahead to 2026, the company is targeting a roughly 32% non-GAAP gross margin, with non-GAAP operating income projected between $425 million and $475 million. These non-GAAP numbers strip out expenses like stock-based compensation and other adjustments.
“Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers,” chief executive KR Sridhar told investors, pointing to the demands faced by the industry’s largest cloud operators. Chief financial officer Maciej Kurzymski flagged headway in “reducing product cost” and “driving operating leverage” for the quarter. Bloom Energy
BTIG bumped up its price target on Bloom to $165 from $145, keeping its buy call intact. Analyst Gregory Lewis described demand for “prompt power” as “broad based,” adding that Bloom’s spare capacity and operating leverage put it in a strong spot to capitalize. Investing.com South Africa
BMO Capital raised its price target to $149 from $136, sticking with a market-perform rating. The firm cited “sufficiently emphatic” guidance, but said “key debates remain about additional upside from here.” Investing.com UK
Morgan Stanley’s David Arcaro flagged a sharp ramp-up in revenue growth for 2026, citing possible fresh data-center contracts. Bloom is making its case for solid-oxide fuel cells over the traditional offerings from names like GE Vernova and Siemens Energy.
Even so, the earnings deck pointed out several execution risks that could weigh on backlog: financing hurdles, supply limitations, plus construction and utility interconnection delays. Tax credits—U.S. investment tax credits among them—got a mention, too. The company also cautioned that if AI adoption slows, data-center growth might lose steam.
Monday, February 9, brings a test for BE: can it keep its gains after the upbeat forecast? The answer hinges on fresh broker notes and whether buyers show up in force as the market opens, shaping sentiment for the rest of the week.
