Bloom Energy (NYSE: BE) Faces Q3 Earnings Test as AI Data Center Demand Drives Growth

• Demand from AI data centers is supporting growth for Bloom Energy (NYSE: BE)’s on-site power systems.

• Roth Capital has maintained a Neutral rating, highlighting valuation and transparency concerns despite the company’s long-term opportunities.

• Bloom Energy will report third-quarter results on October 22, 2026, after market close. Its full-year revenue guidance stands at $3.9 billion–$4.2 billion.

Bloom Energy (NYSE: BE) develops solid oxide fuel-cell systems that generate electricity on site. Growing power demand from AI data centers supports its business. 

The shares have rallied sharply. An October 12 report from 24/7 Wall St. cited a gain of more than 200% in 2026, while The Motley Fool reported an approximately 2,350% increase over three years. These figures reflect the reporting periods used by those publications. Roth Capital has maintained a Neutral rating, citing valuation and transparency concerns.

Bloom Energy raised its 2026 revenue guidance to $3.4 billion–$3.8 billion in April, then to $3.9 billion–$4.2 billion in July. The latest range represents approximately 100% year-over-year growth at the midpoint. Investors will watch whether management maintains or raises that outlook when it reports third-quarter results on October 22.

Despite the longer-term rally, Bloom Energy closed October 12 at $262.28, down $18.22, or 6.50%. Shares traded between $257.76 and $275.99, with approximately 14.0 million shares changing hands. Its market capitalization was about $77.25 billion, and its 52-week trading range was $75.70–$351.28.