On July 31, Bloom Energy Corp rose 5.7% overnight, trading at $218.5/share, with turnover of $75,700. The rally extends gains from the regular session, where shares surged over 25%.

On the news front, Mizuho upgraded Bloom Energy from neutral to outperform with a price target of $242, while the company's Q2 earnings massively beat expectations. Q2 revenue reached $1.065 billion, crossing the $1 billion mark for the first time, up 166% year-over-year and far exceeding the $823 million consensus estimate. Adjusted EPS came in at $0.78, beating the $0.40 estimate by 95%. Gross margin expanded from 26.7% to 33.4%, and operating profit swung to $182.2 million from a $3.5 million loss a year ago.

The company raised full-year revenue guidance to $3.9-$4.2 billion, above the prior FactSet consensus of $3.73 billion, driven by strong AI data center and hyperscale customer demand. Additionally, its partnership with Brookfield for AI infrastructure expanded to $25 billion, reinforcing the bullish outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)