# Bloom Energy Shares Bounce Premarket Ahead of Q3 Earnings

- URL: https://stocks.freetheai.org/news/bloom-energy-shares-bounce-premarket-ahead-of-q3-earnings-2053f9
- Published: 2026-10-19T08:21:06Z
- Category: earnings; sentiment: mixed; impact: medium
- Symbols: [NYSE:BE](https://stocks.freetheai.org/symbols/NYSE-BE)
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Bloom Energy Corporation (NYSE:BE) stock rose more than 4% in premarket trading on Monday as investors positioned for the company's third-quarter financial results scheduled for Thursday. The uptick follows a steep 21% decline last week, when a broader selloff across semiconductor and artificial intelligence shares dragged down related equipment suppliers. Despite recent volatility, the stock remains up 155% year to date.

Wall Street anticipates significant expansion driven by rising electricity demand from data centers powering artificial intelligence workloads. Analysts project third-quarter revenue to reach approximately $1.06 billion, up 104% from $519.05 million in the prior-year period. Adjusted earnings per share are forecasted at $0.70, compared with $0.15 a year ago, while EBITDA is expected to reach $249.29 million. Truist recently raised its price target on the stock to $240 from $218 while maintaining a Hold rating, citing higher average selling prices and strong demand.

Investors will focus on Thursday's report to evaluate whether Bloom Energy can sustain its growth momentum and fulfill full-year revenue guidance of $3.9 billion to $4.2 billion. Commercial commitments remain a core focus, including American Electric Power's planned $4 billion Wyoming facility to supply Google under a 20-year agreement and Oracle's deployment of Bloom fuel-cell microgrids for its Project Jupiter site.

## Key points

- Bloom Energy (NYSE:BE) stock gained over 4% premarket on Monday following a 21% drop the previous week.
- Analysts expect third-quarter revenue to rise 104% year-over-year to $1.06 billion, with adjusted EPS at $0.70.
- Truist raised its price target on Bloom Energy to $240 from $218 while maintaining a Hold rating.
- Major corporate commitments include a 20-year deal supplying power to Google via American Electric Power.

## Questions and answers

### What are Wall Street's expectations for Bloom Energy's Q3 revenue and earnings?

Analysts expect Bloom Energy to generate $1.06 billion in third-quarter revenue, representing a 104% year-over-year increase, with adjusted earnings per share projected at $0.70 compared to $0.15 a year earlier.

### What major projects are driving demand for Bloom Energy's fuel cell technology?

Bloom Energy technology powers a $4 billion project by American Electric Power to supply electricity to Google under a 20-year agreement. Additionally, Oracle uses Bloom fuel-cell microgrids as the primary power source for its Project Jupiter facility.

### What is the current price target for Bloom Energy stock?

Truist recently raised its price target on Bloom Energy to $240 from $218 while keeping a Hold rating on the shares.