On August 3, Bloom Energy Corp rose 3.03% overnight, trading at approximately $212.05 per share, with turnover of $6.9377 million.

The continued upward momentum is driven by Mizuho's upgrade of Bloom Energy from neutral to outperform with a price target of $242, combined with the company's Q2 earnings report that massively exceeded expectations. Bloom Energy reported Q2 revenue of $1.065 billion, surpassing the $1 billion milestone for the first time, representing a 166% year-over-year increase and far exceeding the consensus estimate of $822.765 million. Adjusted EPS came in at $0.78, beating the $0.40 estimate by 95%. The company simultaneously raised its full-year revenue guidance to $3.9 billion to $4.2 billion, well above the prior consensus of $3.73 billion, driven by strong demand from AI data centers and hyperscale customers. Gross margin improved to 33.4% from 26.7% a year earlier, while operating profit swung to $182.2 million from a loss of $3.5 million. UBS also maintains a Buy rating with a $300 price target.

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