On July 29, Bloom Energy Corp rose 11.78% overnight, trading at $187.49/share, with turnover of $605,400.

The surge was driven by the company's record-breaking Q2 earnings released after the prior session's close. Quarterly revenue reached $1.065 billion, surpassing the $1 billion mark for the first time and significantly exceeding the analyst consensus estimate of $822.765 million. Adjusted earnings per share came in at $0.78, beating the $0.40 estimate by 95% and representing a 680% year-over-year increase. Gross margin expanded to 33.4% from 26.7% a year earlier, while operating profit swung to $182.2 million from a $3.5 million loss.

The company simultaneously raised its full-year guidance, projecting revenue of $3.9 billion to $4.2 billion, above the prior FactSet consensus of $3.73 billion, citing strong demand from AI data centers and hyperscale customers. Additionally, the company's recent expansion of its AI infrastructure partnership with Brookfield to $25 billion and UBS's maintained buy rating with a $350 price target provided further fundamental support.

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