Bloom Energy Strengthens Outlook as Analysts Raise Targets and AI Customers Confirm Deals

Overview

• Bloom reported record second‑quarter revenue just above $1.06 billion and adjusted EPS of $0.78, and it raised full‑year 2026 revenue guidance to $3.9 billion–$4.2 billion.
• JPMorgan raised its price target to $346 and kept an Overweight rating, a move that helped lift the stock sharply and shifted sell‑side sentiment more positive.
• Nebius selected Bloom to supply behind‑the‑meter fuel cells for a proposed 300 MW AI data center in Vineland, New Jersey, and Bloom expanded a MiTAC microgrid deployment at a Fremont server campus.
• Analysts cite projections that Bloom could scale to gigawatts of capacity and say reported scandium supplies could support much larger manufacturing, while warning that factory throughput, permitting, hookups and fuel logistics remain key execution risks.
• If demand converts into timely installations, utilities for fast‑building AI sites could adopt more on‑site fuel‑cell power, a change that would speed data‑center rollouts, tighten supply chains for critical materials, and raise local permitting and community questions where projects are built.