Overview
- Shares jumped on Friday, rising as much as 11.49% intraday to $115.45 and finishing up 8.05% at $111.89.
- Thursday’s slide tracked a broader tech selloff, with the Nasdaq-100 down over 2% following hawkish Federal Reserve comments.
- Bloom Energy reported third-quarter revenue of $519 million, up 57% year over year.
- Management has highlighted strong demand from AI and data centers as a key tailwind for growth.
- The company recently upsized a $2.5 billion convertible notes offering to fund expansion and other initiatives.