Bloom Energy Stock Surges on Record Q2 Revenue

Bloom Energy's stock price rose by 4.17 percent on October 2, 2026, closing at $289.15 on the NYSE. This increase followed a record Q2 revenue announcement and renewed attention on Virginia's energy plan.

The company reported revenue of $1.07 billion in Q2 2026, up 165.5 percent from the same period in 2025. Adjusted earnings per share reached $0.78, surpassing the consensus estimate of $0.39. The company also set fiscal-year 2026 adjusted EPS guidance at $2.550-2.850.

Bloom Energy's improved operating income was a significant factor in the stock price increase. Q2 operating income rose to $182.2 million, compared to an operating loss of $3.5 million in Q2 2025. Royal Bank of Canada reiterated its Outperform rating and set a price target of $335.

However, MarketBeat noted that the average target among analysts is $257.18, which is below the October 2 close. This indicates that investors are cautious about the stock's valuation despite the recent revenue acceleration.