Bloom Energy Corporation (NYSE:BE) shares are trading higher after market close Thursday after the company reported fourth-quarter financial results and provided guidance.
• Bloom Energy shares are climbing with conviction. Why is BE stock up today?
Here are the highlights.
Bloom Energy Q4 Earnings
Bloom Energy reported fourth-quarter revenue of $777.7 million, up 35.9% year-over-year. The revenue total beat a Street consensus estimate of $652.1 million according to data from Benzinga Pro.
The company reported fourth-quarter earnings per share of 45 cents, beating a Street consensus estimate of 31 cents per share.
For the full fiscal year, Bloom Energy reported a record revenue of $2.02 billion, up 37.3% year-over-year. The company said growth from the AI data center sector helped power the year-over-year growth.
Bloom Energy also had record gross margins for the full year and this marked the second consecutive year of positive cash flow from operations.
The company has a current backlog of around $20 billion. The company has a current product backlog of around $6 billion, up around 250% year-over-year.
“Bring-your-own-power has shifted from a slogan to a business necessity for AI hyperscalers and manufacturing facilities,” Bloom Energy CEO KR Sridhar said. “This shift is secular and growing.”
What’s Next for Bloom Energy
Bloom Energy expects fiscal 2026 adjusted earnings per share in range of $1.33 to $1.48 versus a Street consensus estimate of $1.07.
The company is guiding for fiscal 2026 net sales of $3.10 billion to $3.30 billion, significantly higher than the $2.54 billion currently forecasted by analysts.
Bloom Energy Stock Price Action
Bloom Energy stock is up 11.27% to $152 in after-hours trading Thursday versus a 52-week trading range of $15.15 to $176.49.
Photo: Shutterstock
Recent Comments