Why Did Bloom Energy Stock Jump?

For questions about this article or underlying research, email help@trefis.com.

Bloom Energy (BE) stock rose 5.5% on Monday, October 26, 2026, outpacing the S&P 500’s 0.7% gain. The advance came in the second trading session since the company posted third-quarter results on October 22 that beat estimates for both adjusted earnings per share and revenue. It also followed an 11.2% drop on October 23. What else was in that report?

What Bloom Energy’s Report Showed About Cash

Even though Bloom beat estimates on both lines in the third quarter, its operations used $27 million of cash, management said on the October 22 call. More money was tied up in inventory and in amounts customers had not yet paid.

The company reported adjusted earnings per share of $0.94 on revenue of $1.24 billion, against estimates of $0.69 and $1.07 billion. Sales were 138% higher than in the same quarter a year earlier.

Management explained why cash can lag, noting that Bloom books product revenue when control of a system passes to the customer, while billing follows contract milestones and can land in a different quarter. The quarter’s use of cash was “not the beginning of the trend,” management said, adding that operations had brought in cash for the year to date.

Bloom raised its full-year revenue outlook for the third time in 2026, to a range of $4.4 billion to $4.6 billion, while management kept its outlook for adjusted gross margin at about 34%. News reports linked the October 23 fall to concerns about cash flow and about margins in the near term.

Bloom Energy Rose Far More Than Industrial Stocks

Bloom’s gain was about four times the 1.4% rise in XLI, the fund that tracks the industrials sector Bloom belongs to. The five companies Trefis tracks as Bloom’s peers were split. FuelCell Energy rose 3.2% and Cummins gained 0.9%, while Plug Power, Air Products and Chemicals, and Linde fell. Bloom moved with its sector, but none of its peers matched its gain.

How Widely Has Bloom Energy Stock Swung?

Large moves are routine for Bloom. Over the prior 365 days, the stock moved at least as much as it did on Monday, in either direction, during 96 sessions. The shares returned 101.1% over twelve months, against 15.3% for the S&P 500.

Monday’s close of $203.92 sat about 41% below the stock’s highest close of the past year, which was $345.85 on June 22, 2026. Its lowest close during that period was $76.97 on December 17, 2025. The shares lost 29.4% over the past month, though they were still up 22.2% over three months.

At Monday’s close, Bloom traded at 15.7 times its sales over the past twelve months, against 3.2 times for the S&P 500. When Bloom reports its fourth quarter, expected in February 2027, the figure to watch is quarterly gross margin, which management put at 34.5% on an adjusted basis in the third quarter.

Does This Mean You Should Act On BE?

Our purpose is to inform you with unique data so you make the right investment decisions. That said, betting on a single stock is always risky, no matter which direction you choose.

There is a smarter approach. Since its inception, the Trefis High Quality (HQ) Portfolio has returned 105%, beating the benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. And it did so without taking the concentrated risk that comes with do-it-yourself stock picking. If that is how you want to invest, the HQ Portfolio is the place to start.

Spot an error or want more like this? Tell us in 10 seconds.