Overview
- Bloom reported adjusted EPS of $0.15 on $519 million in revenue and $7.9 million in operating profit, while posting a GAAP loss of $23.1 million.
- Shares rose roughly 17%–18% in premarket and after-hours trading, extending a run that has added more than $20 billion in market value over the past year.
- Installation revenue more than doubled year over year, gross margin improved to 29.2% from 23.8%, and revenue topped expectations for a fourth straight quarter.
- Brookfield Asset Management announced up to $5 billion on October 13 to deploy Bloom fuel cells for data centers, joining customers such as Oracle and American Electric Power.
- Analysts and industry data point to record U.S. power demand projections that strain the grid, pushing data-center operators toward behind-the-meter solutions like Bloom’s fuel cells.