Markets· August 16, 2026 at 02:25 p.m.
Bloom Energy Stock Surges 150% in 2026: Is It Still a Buy?
Key takeaways
- Bloom Energy's shares have surged 150% in 2026
- The company's second-quarter revenue exceeded $1 billion for the first time
- Total 2026 revenue is expected to be between $3.9 billion and $4.2 billion
After a steep decline in July due to a short-seller report and AI-related market volatility, Bloom Energy (NYSE: BE) has rebounded sharply in August. Shares, which dropped to about $163 in late July, are now trading at approximately $244. This resurgence has brought the year-to-date gain for Bloom back to triple digits.
The fuel-cell provider's sales are currently experiencing explosive growth. Its second-quarter revenue surpassed the billion-dollar mark for the first time, and the company now anticipates total 2026 revenue to be between $3.9 billion and $4.2 billion, nearly doubling revenue from the previous year.
However, Bloom's backlog is growing faster than its revenue, which could limit sales due to supply constraints. Despite this, the company's valuation remains high, trading at about 81 times forward earnings.
Bloom Energy's need for onsite power generation aligns well with data center constructions, suggesting continued growth. However, investors should expect volatility given the lofty valuation.
