Bloom Energy Stock Jumps 2,100% on Data Center Power Demand as Revenue Tops $1 Billion
Updated
Updated · Yahoo Finance · Aug 28
Bloom Energy Stock Jumps 2,100% on Data Center Power Demand as Revenue Tops $1 Billion
2 articles · Updated · Yahoo Finance · Aug 28
Summary
Bloom Energy shares have surged 2,100% since November 2024 as hyperscalers turn to its on-site fuel-cell systems to power fast-growing data centers.
Two months is Bloom's claimed delivery time for power, versus five to 10 years to build grid and generation infrastructure that many large data-center projects would otherwise need.
$1 billion in second-quarter revenue marked Bloom's first time above that threshold, helped by large, long-term customer commitments for its fuel cells.
164 times trailing earnings has left the stock richly valued, but analysts still forecast EPS growth of 250% this year and 83% in 2027.
A 1-gigawatt AI data center could generate $12 billion to $24 billion in annual revenue, CEO K.R. Sridhar said, underscoring why developers are paying for faster access to power.