TLDR
- Bloom Energy reported Q1 adjusted EPS of $0.44 vs. $0.12 expected â a 238% beat
- Revenue hit $751M, up 130% year-over-year, against a $539M estimate
- Full-year revenue outlook raised to $3.4Bâ$3.8B, up from $3.1Bâ$3.3B
- EPS guidance raised to $1.85â$2.25, up from $1.33â$1.48
- RBC Capital raised its price target to $335 from $143, maintaining Outperform
Bloom Energy had a quarter that most companies can only dream about. The fuel cell maker blew past Wall Street expectations on both earnings and revenue, then raised its full-year guidance by a wide margin.
Evercore ISI Raises $BE PT to $295 from $179 – Outperform
Analyst comments: "Bloom reported record 1Q results on the top and bottom line, outpacing expectations heading into the quarter, and raised its FY26 revenue and gross margin guidance. First-quarter results further⌠pic.twitter.com/mKHIUyiSwq
— Wall St Engine (@wallstengine) April 29, 2026
Q1 adjusted EPS came in at $0.44, compared to just $0.03 a year ago and well above the $0.12 analysts had penciled in. Revenue jumped 130% to $751 million, crushing the $539 million consensus estimate.
The stock was up 17% in premarket trading Wednesday, after falling 3.5% during Tuesday’s regular session.
Bloom Energy has been one of the standout performers on the market this year. The stock is up 161% in 2026 and has gained over 1,000% in the past 12 months.
The company makes solid oxide fuel cells that operate off the traditional power grid. They produce electricity on-site and emit only heat and clean water.
That profile has made Bloom a popular option for AI data centers, which need reliable, large-scale power that doesn’t depend on strained grid infrastructure.
CEO KR Sridhar didn’t hold back in the earnings release. “We at Bloom are ushering in the era of digital power for the digital age,” he said, adding that Bloom is “rapidly becoming the standard and ‘go-to choice’ for on-site power.”
Guidance Gets a Big Lift
Full-year revenue guidance was raised to $3.4Bâ$3.8B, up from the prior range of $3.1Bâ$3.3B. That’s a meaningful step up, not a minor tweak.
Adjusted EPS guidance for the full year moved to $1.85â$2.25, compared to the $1.33â$1.48 forecast issued in February. That’s a roughly 40% increase at the midpoint.
Bloom also said it plans to continue scaling its manufacturing capacity to meet growing demand.
Analyst Reacts
RBC Capital moved quickly after the results. The firm raised its price target on BE to $335 from $143, while keeping its Outperform rating.
RBC pointed to strong Q1 results and the upgraded 2026 outlook as the key reasons for the revision. The firm also said it has meaningfully increased its estimates for 2026 through 2028.
The analysts flagged grid constraints, time-to-power timelines, water scarcity, and air quality concerns as ongoing factors pushing customers toward Bloom’s technology.
RBC added that it believes the outlook for the company is accelerating.
Bloom Energy currently trades at around $226, which RBC’s own analysis flags as above its Fair Value estimate â something investors may want to keep in mind.
The stock was up 17% in Wednesday premarket trading at the time of writing, following Tuesday’s close of around $193.
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