Overview
- Following Tuesday’s earnings release, shares surged Wednesday after Bloom posted $751.1 million in Q1 revenue and $0.44 adjusted EPS and lifted full‑year targets to $3.4B–$3.8B in sales and $1.85–$2.25 in EPS.
- Oracle’s Project Jupiter in New Mexico will swap planned gas turbines and diesel units for up to 2.45 GW of Bloom fuel cells, which Oracle says cuts nitrogen oxide emissions by about 92% and runs as a single microgrid with minimal water use.
- The Jupiter pivot sits inside an expanded Oracle–Bloom pact for up to 2.8 GW of systems, with about 1.2 GW already contracted and rolling out across U.S. data center sites.
- Wall Street flagged the step‑change in demand as JPMorgan raised its target to $267, Susquehanna to $293, BTIG to $295, and RBC to $335, while BlackRock disclosed an 8.2% passive stake earlier in the week.
- Fuel cells generate steady on‑site electricity without combustion and can be installed in months, a fit for AI campuses facing tight grid connections, though Bloom still must scale factories, secure hookups, turn backlog into revenue on time, and manage dilution from Oracle warrants.