Overview
- Bloom posted adjusted EPS of $0.15 on revenue of $519 million, topping estimates and lifting gross margin to about 29.2% for a fourth straight revenue beat.
- Installation revenue more than doubled year over year, with AI data-center projects cited as the primary driver of demand for on‑site power.
- Shares jumped roughly 16%–19% in premarket and after-hours trading and touched a record intraday high near $144 before paring gains.
- Management indicated 2025 revenue should exceed prior guidance and outlined capacity plans, including a 1 GW Fremont expansion targeted to start up by the end of 2026.
- Bloom remains loss-making on a GAAP basis with a quarterly loss of about $23.1 million, as investors track execution on Brookfield’s $5 billion commitment and a first European site expected before year-end, with strength spilling over to peers like FuelCell Energy.