On July 31, Bloom Energy Corp rose 7.26% in pre-market trading, trading at approximately $223.27/share, with turnover of $16.70 million, extending the prior session's 25%+ surge.

On the news front, Mizuho upgraded Bloom Energy from neutral to outperform with a price target of $242, serving as a fresh catalyst. This follows the company's Q2 earnings released on July 28 after-hours, which massively exceeded expectations. Quarterly revenue reached $1.065 billion, crossing the $1 billion milestone for the first time, representing a 166% year-over-year increase and far surpassing the consensus estimate of $823 million. Adjusted EPS came in at $0.78, beating the $0.40 estimate by 95%. The company simultaneously raised full-year revenue guidance to $3.9-$4.2 billion, above the prior consensus of $3.73 billion, driven by strong AI data center and hyperscale customer demand. Management noted all major U.S. hyperscalers and over twelve AI-related customers have completed validation of Bloom's fuel cell technology.

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