Overview
- The stock rose 15.21% to close at $118.09 on Thursday, according to Benzinga Pro data.
- Futures markets point to a high probability of a rate cut next week, a shift investors say would ease the cost of carrying Bloom's growth plans.
- Bloom recently raised about $2.5 billion via a convertible note intended to fund rapid manufacturing expansion.
- Investor interest centers on rising electricity needs from AI and data centers, with partnerships such as Oracle cited as demand drivers.
- Third-quarter results showed revenue up 57% to $519 million and a widened net loss of $23 million, with management citing powerful tailwinds for the outlook.