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Bloom Energy posts strong Q3 results, boosts Q4 outlook, eyes $20B revenue with data center growth

Company Fundamentals
24 Oct 2026
Seeking Alpha
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Bullish
Bloom Energy posts strong Q3 results, boosts Q4 outlook, eyes $20B revenue with data center growth

Bloom Energy reported impressive Q3 2026 results and raised its guidance for Q4, driven by growing demand for its fuel-cell power solutions in data centers. The company is expanding capacity rapidly, aiming for over 5 GW and potentially $20 billion in annual revenue, with key clients like Oracle and Nebius fueling growth. Despite recent negative cash flow due to inventory and equipment build, Bloom Energy maintains a solid $2.5 billion cash balance and positive year-to-date free cash flow. The stock is considered undervalued based on 2028 earnings projections, with expectations that future earnings will benefit from increased capacity and operating leverage.

Bloom Energy shares have seen a notable drop, falling 11.24% in one day to USD 193.30 on Pluang. The stock's market cap stands at $57.13 billion, with a 52-week range between $76.97 and $345.85. These figures are current as of Oct 24, 2026 21:21 WIB.

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Bloom Energy stock falls 4% despite record quarter and third guidance raise due to negative cash flow concerns

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