AI-driven Demand Fuels Significant Growth in Bloom Energy's Profits

Shares of

Corp (NYSE: BE) soared by 18.1% to reach $138.82 in premarket trading on October 28, 2025, following the fuel cell company's release of third-quarter results that significantly outperformed analyst expectations, as detailed in a . The firm reported adjusted earnings of $0.15 per share and revenue totaling $519 million, both of which beat Wall Street's projections of $0.10 per share and $428.1 million, according to . This achievement marks the fourth straight quarter in which Energy has surpassed revenue forecasts, fueled by increasing demand for its on-site energy solutions at AI data centers, as highlighted by .

The earnings release revealed a 57.1% increase in revenue compared to the previous year, with installation revenue more than doubling as the expansion of artificial intelligence infrastructure drives unprecedented power needs. AI data centers, which depend on robust and scalable energy supplies, are putting pressure on the existing grid, intensifying the demand for alternative energy options such as

solid-oxide fuel cells. The U.S. Energy Information Administration anticipates record-breaking electricity usage in both 2025 and 2026, further emphasizing the urgency of these solutions.

Bloom Energy's gross margin climbed to 29.2% in the third quarter, up from 23.8% a year earlier. CFO Maciej Kurzymski indicated that the company expects to outperform its previous guidance for fiscal 2025 and is set for even greater expansion in 2026. CEO KR Sridhar described this as a "once-in-a-generation opportunity" to transform the energy sector, pointing to AI-driven demand, supportive government policies, and ongoing innovation as primary factors.

A key driver behind the stock's recent surge was a $5 billion investment from Brookfield Asset Management on October 13, which alone had previously pushed the share price up by 26.5%. That news was reported by

, and the stock's momentum was also covered by . Brookfield's plan to implement Bloom's fuel cell systems in data centers aligns with the company's strategic focus on AI infrastructure. Sridhar noted that Bloom's technology can be deployed within 90 days, compared to the 5–7 years typically needed for traditional grid upgrades, and is already powering major clients such as Oracle, American Electric Power, and Equinix.

The company reiterated its intention to double production capacity to 2 gigawatts by December 2026, a move it believes could result in a fourfold increase in revenue that year. Despite posting a net loss of $23 million for the quarter, Bloom's cash holdings rose to $595 million, and its non-GAAP operating margin turned positive at 1.5%, as reported by

. Analysts responded positively, with UBS and RBC raising their price targets to $115 and $123, respectively.

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