Bloom Energy shares jump 13‑15% after CoreWeave earnings lift AI power demand outlook
Bloom Energy’s stock surged between 13% and 15% on November 11 after CoreWeave reported strong Q3 results, easing concerns about AI data‑center spending. Bloom posted record Q3 revenue of about $1.24 billion, up 138% year‑over‑year, and raised its full‑year 2026 revenue guidance to $4.4‑$4.6 billion. The company also announced a 900 MW supply deal with NTT Data and noted SoftBank’s $3.7 billion loss on turbine equipment, which investors see as a tailwind for Bloom’s fuel‑cell business.
Why it matters
Bloom’s revenue growth and higher guidance suggest expanding demand for on‑site power in AI data centers, which could boost future sales. However, the company’s negative free cash flow of about $181 million in Q3 and high capital spending raise questions about cash sustainability.
Key facts
- 1Bloom Energy shares rose 13% to $209.47, adding roughly $7 billion to market value. 247wallst.com
- 2Q3 2026 revenue was $1.24 billion, up 138% YoY. finance.yahoo.com
- 3Full‑year 2026 revenue guidance was raised to $4.4 billion‑$4.6 billion. finance.biggo.com
- 4SoftBank Group will book a $3.7 billion loss on power‑generation equipment advance payments. finance.biggo.com
- 5Bloom announced a 900 MW supply deal with NTT Data for data‑center projects. financial-news.co.uk
- 6Q3 free cash flow was negative about $181 million. financial-news.co.uk
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.