On July 29, Bloom Energy Corp rose 7.34% in pre-market trading, trading at $183.49/share, with turnover of $9.3116 million. The rally follows the company's blockbuster Q2 earnings report released after market close the previous session.

Bloom Energy reported Q2 revenue of $1.065 billion, a 166% year-over-year increase that marked the first time quarterly revenue surpassed $1 billion, far exceeding the consensus estimate of $822.765 million. Adjusted EPS came in at $0.78, beating the $0.40 estimate by 95% and representing a 680% increase year-over-year. Gross margin expanded sharply from 26.7% to 33.4%, while operating profit swung from a $3.5 million loss to $182.2 million.

The company raised its full-year guidance, now expecting revenue of $3.9 billion to $4.2 billion versus FactSet consensus of $3.73 billion, non-GAAP operating income of $800 million to $900 million, and non-GAAP EPS of $2.55 to $2.85. Management attributed the strength to robust demand from AI data centers and hyperscale customers, noting all major U.S. hyperscalers and over twelve AI-related clients have completed validation of Bloom's fuel cell systems.

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