Bloom Energy and FuelCell Energy Surge on Strong Q2 Results and Mizuho Upgrade
Shares of Bloom Energy (NYSE:BE) surged nearly 28% following its strong second-quarter results, with revenue growing by 165.5% year-over-year to $1.07 billion and non-GAAP earnings per share exceeding estimates. The company raised full-year guidance for both revenue and EPS amid increased demand from hyperscalers and AI data centers. FuelCell Energy (NASDAQ:FCEL) also saw a significant jump of 28%, likely driven by positive sentiment around the broader fuel-cell sector rather than specific news about FCEL itself. Mizuho upgraded Bloom Energy to Outperform, citing strong execution and margin expansion despite lowering its price target due to revised revenue assumptions. Plug Power (NASDAQ:PLUG) lagged with a 9% gain but remains up slightly year-to-date. The Global X Hydrogen ETF (HYDR) also rose by 10%, reflecting the sector-wide momentum.
Topics: AI power solutions Bloom Energy FuelCell Energy Plug Power stock performance