Overview
- Bloom reported record second-quarter revenue of about $1.07 billion and raised its full-year 2026 guidance after improving margins and turning operating cash flow positive.
- Investors drove the stock sharply higher after the results and guidance, reflecting renewed confidence in Bloom’s near-term financial momentum.
- A regulatory rejection of the proposed natural-gas pipeline for Oracle’s Project Jupiter creates timing uncertainty for up to 2.45 GW of planned Bloom systems at that New Mexico site.
- Morgan Stanley kept an Overweight rating and a $310 target, saying Bloom can redirect equipment and use existing customer and financing terms to record shipments when individual projects slip.
- Longer-term growth still depends on scaling factory capacity, securing inputs such as scandium oxide, converting an analyst-estimated multi-billion-dollar backlog into shipments, and broader programmatic financing arrangements that support deployments.