Bloom Energy shares fall despite beating Q3 estimates

Investing.com -- Bloom Energy Corp. shares dropped more than 4.5% in after-hours trading Thursday following an 8.76% decline during the regular session, even as the company reported third-quarter results that exceeded Wall Street expectations.

The energy technology company posted earnings per share of $0.94 for the third quarter, beating the analyst estimate of $0.69 by $0.25. Revenue reached $1.24 billion, surpassing the consensus estimate of $1.06 billion.

Bloom Energy raised its full-year 2026 revenue guidance to a range of $4.4 billion to $4.6 billion, representing 122% year-over-year growth at the midpoint. The company also increased its full-year earnings per share outlook to $3.10 to $3.40, compared to the analyst estimate of $2.71.

"Electricity is the foundation of economic growth, human well-being and national competitiveness. Today, the world is moving from a century-old model of centralized power to a new architecture that includes firm, distributed onsite generation. Bloom is leading that transformation," said KR Sridhar, Founder, Chairman and Chief Executive Officer of Bloom Energy.

Simon Edwards, Chief Financial Officer, said, "Our third quarter results reflect strong execution across the business, with significant revenue growth and expanded operating margins. We continue to invest with discipline to build the capabilities and capacity needed to scale the business. Our year-to-date performance and customer demand give us confidence to raise our 2026 outlook for the third time this year."

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