Overview
- Following April 28th results, Wall Street raised targets, with RBC at $335, BTIG at $295, and Mizuho at $285 after citing stronger outlook and manufacturing plans.
- Bloom posted record fiscal Q1 revenue of $751.1 million, up 130.4% year over year, as product sales jumped to $653.3 million and operating income turned positive.
- Management lifted 2026 guidance to $3.4 billion to $3.8 billion in revenue with higher non‑GAAP operating income of $600 million to $750 million and EPS of $1.85 to $2.25.
- A master services agreement with Oracle covers up to 2.8 gigawatts of fuel cells, with an initial 1.2‑gigawatt phase that BTIG estimates at $3.5 billion to $4.0 billion in revenue, and coverage reports plans for 2.45 gigawatts at a New Mexico AI site.
- Bloom expects its Fremont plant to run at full tilt for more than a year and to add capacity beyond 2 gigawatts as needed, while the stock’s roughly 228% to 240% year‑to‑date surge and a $20 billion year‑end backlog keep execution and valuation in sharp focus.