Bloom Energy (BE) Jumps 13% on Strong Earnings From AI Partner CoreWeave

Shares of Bloom Energy Corporation jumped roughly 13% on Wednesday, closing at $209.5 apiece according to Yahoo Finance, while TradingKey reported a 12.97% rise and GuruFocus recorded a 13.0% gain to $209.47. MarketBeat noted the stock closed up 13.2% at $209.9270 on trading volume that reached 18,179,431 shares, 35% above its average daily volume, after previously closing at $185.42.

The rally followed strong third-quarter financial results from data center operator CoreWeave Inc., which has partnered with Bloom Energy since July 2024 to deploy fuel cells in Volo, Illinois. CoreWeave reported quarterly revenue rose 168 percent to $3.66 billion from $1.36 billion a year earlier, with a revenue backlog of $132.5 billion as of the end of September. CoreWeave Chief Executive Michael Intrator stated on CNBC that infrastructure demand remains overwhelming, easing concerns over the durability of the artificial intelligence expansion.

Market sentiment was also supported by commercial progress across the power sector, including a multi-hundred-megawatt supply agreement between Bloom Energy and NTT Data for global data centers. In addition, SoftBank Group announced it would record a $3.7 billion loss on advance payments for power equipment due to shifting data center design plans, which some market participants viewed as potentially opening opportunities for alternative fuel cell installations.

The recent momentum follows Bloom Energy's own third-quarter earnings report, where it posted net income of $250.27 million compared to a net loss of $23.09 million in the third quarter of 2025. Quarterly revenue expanded 138 percent year-over-year to $1.236 billion, beating consensus forecasts of $1.07 billion. Full-year revenue guidance was raised to between $4.4 billion and $4.6 billion, though TradingKey reported operational cash flow challenges, with negative free cash flow of $181.2 million as unbilled contract assets rose to $792.8 million from $178.9 million.

Wall Street opinions on the stock remain divided. According to MarketBeat, the consensus rating is Hold with an average price target of $263.05, while TradingKey reported an average target of $280.39. Recent firm actions include RBC Capital maintaining an Outperform rating with a $335 price forecast, Barclays upgrading the stock to Overweight with a $289 target, and BMO Capital Markets downgrading it to Market Perform. Meanwhile, GuruFocus highlighted that insiders sold $149.6M in shares over the past 12 months without any purchases.