Bloom Energy

Bloom brought in a record 1.24 billion dollars in revenue this quarter, up 138% from a year ago, as the race to power AI kept heating up. Sales of its power systems nearly tripled, up 179% to about 1.07 billion dollars. The company raised its full year forecast for the third time in 2026 and now expects 4.4 to 4.6 billion dollars in sales, about 122% growth.

Bloom spent years growing without making money, but those days are over. This quarter it earned 250 million dollars in profit, compared to a 23 million dollar loss a year ago, and kept about 18 cents of profit from its core business on every dollar of sales, up from under 2 cents. The turnaround came with a milestone too, as Bloom just joined the S&P 500.

Bloom is now valued at about 64 billion dollars, which is a big price tag for a company expecting around 4.5 billion dollars in sales this year. The stock swings nearly 4 times as much as the overall market, so it soars on good news and can drop hard on any stumble. If AI spending cools or one quarter disappoints, shares could fall fast.

Bloom is growing so fast that a lot of its money is stuck waiting to come in. Work it has finished but not yet billed jumped from about 179 million dollars at the end of 2025 to 793 million by September, and inventory climbed to about 928 million. Bloom holds roughly 2.5 billion dollars in cash and owes about 2.5 billion in debt, so a big customer delay or a slow payment could squeeze it.