Bloom Energy (BE) Stock Skyrockets on AI Mega-Deal & Earnings Blowout, Near 400% YTD Surge
Bloom Energy stock surged nearly 1,000% over 12 months, hitting record highs after a $5 billion deal with Brookfield to supply fuel cells for AI data centers. Shares jumped 25–30% on Oct. 13 and again after Q3 revenue beat estimates by 57%, reaching $119. Wall Street raised price targets, citing soaring AI power demand. Bloom now trades at over 11 times sales, with analysts warning of volatility.