Overview
- Shares closed up about 8% at $111.89 after rising more than 11% intraday, recouping part of Thursday’s drop.
- Thursday’s slide tracked a broader tech selloff tied to hawkish Federal Reserve commentary, prompting profit-taking in high-beta names.
- Recent results showed revenue of $519 million for Q3, up 57% year over year, while the net loss widened to $23 million.
- Bloom has completed sizable convertible notes financing reported between $2.2 billion and $2.5 billion, with conversion allowed from Aug. 15, 2030 and maturity on Nov. 30, 2030 at about 5.1290 shares per $1,000 note.
- Management points to surging on-site power demand from AI and data centers as a key growth driver, with the stock still volatile after a run of more than 300% this year.