Rosanna Prestia
Founder & CEO of Hydra Wealth/Capital, Investment Strategist, Asymmetry & Bitcoin
Bloom Energy's Q2 2026 blew out estimates, and its third guidance raise this year points to 100% growth. Revenue was $1.065B versus $827.6M expected, up 165.5% year over year and 42% sequentially, with product revenue up 215%. Gross margin rose 668bps to 33.4%, non-GAAP operating income reached $239.6M versus $28.6M, and GAAP EPS was $0.62 versus $0.41 expected. FY26 guidance rose to $3.9-4.2B from $3.4-3.8B. x.comÂ
Bloom Energy's options flow shows big money positioning for much higher prices after two short reports and a 40% drawdown. Of $48 million in large bullish flow versus $5 million bearish, $30.9 million bought January 2027 calls at 310, 430 and 510 strikes, 48-143% above a roughly 210 price, and $13 million came from selling August 210 puts, an obligation to buy there. It is one session, sellers may be hedged and the stock trades above 90x forward earnings; flow is positioning, not a guarantee. x.com x.comÂ
Bloom Energy's repeated revenue and EBITDA beats suggest its pullback will give way to another run soon. It raised 2026 guidance for the third time. Morgan Stanley raised its target to $335 and says Bloom targets revenue growth well above 100%, with backlog growing faster than sales and a path to more than 5 GW of capacity. x.comÂ
Bloom Energy's results show hyperscalers paying for faster data-center power sooner than modeled. Revenue hit $1.24B versus $1.05B expected, and 2026 guidance rose to $4.4-4.6B; S&P 500 inclusion brings index buying. Operating cash flow was slightly negative as capacity expands. Bloom is not cheap after a 160% run and expectations are high. Overweight, $334 target with 40% stated upside. x.com x.comÂ
Bloom Energy's revenue is growing faster than cash collection. Q3 sales reached $1.24bn and the 2026 guide rose to $4.4-4.6bn, yet operating cash flow was -$27m despite $309m from customer deposits and deferred revenue. Contract assets rose $430m in the quarter and from $241m to $859m year to date. Its largest customer fell to 43% of revenue, but the second, at 26%, is a related party. Management calls the cash gap billing timing; Q4 cash flow tests that explanation. x.com x.com x.comÂ
Bloom Energy looks more appealing after beating earnings estimates by a wide margin while trading at about 55 times earnings near $200. The market paid $350 in June, but the company now earns far more than expected despite a 33% share-price drawdown. x.comÂ
Bloom Energy could look cheap if it hits its revenue targets amid exploding demand for on-site power. Revenue is projected at $4.5B in 2026 and $16B by 2029, implying 3.5x 2029 sales at a $56B market cap. It ranks alongside Forgent Power Solutions, perhaps better, as a buy at current levels. x.com x.comÂ
Bloom Energy's demand may not become revenue when customers struggle to secure financing. Capital is difficult to raise in this climate; a reading of management's AI discussion also points to permitting, local opposition and customer credit as obstacles despite robust demand. Even after good earnings, the shares did not look very bullish. x.com x.comÂ
Bloom Energy appears less capital intensive than other AI companies even while expanding capacity. It appears to have begun the year with $2.5 billion in cash and still has $2.5 billion despite spending on expansion. x.comÂ
Bloom Energy, along with IREN and Nebius, was among the most attractive buys during the Citadel dip. All three were among the five best-performing stocks in the market, rebounding more than 35% from their bottoms in a single day. x.comÂ
Bad macro conditions mean even Bloom Energy's strong growth is not enough for the stock right now. Wall St Engine reports Q3 revenue rose 138.1% year over year. x.comÂ
Bloom Energy's third beat-and-raise this year makes its selloff look driven by market fear rather than deteriorating business results. A similar sentiment-driven decline after strong results in July marked a bottom before the stock doubled; the setup looks similar now. x.comÂ
