On July 30, Bloom Energy Corp rose 5.04% in pre-market trading, trading at $171.63/share, with turnover of $39.98 million. The stock is rebounding after giving back most of its post-earnings gains in the prior session due to broader market caution ahead of the Fed rate decision and AI sector selling pressure.

The rebound is driven by continued investor digestion of the companys strong Q2 results reported on July 28 after the bell. Quarterly revenue reached $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%. Gross margin expanded significantly from 26.7% to 33.4%, while 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, citing robust AI data center and hyperscaler demand. CEO Sridhar noted that all major U.S. hyperscalers and over twelve AI-related customers have completed validation. Additionally, the company expanded its AI infrastructure partnership with Brookfield to $25 billion.

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