Bloom Energy stock rises 135% in 2026 on AI power demand

Bloom Energy shares have risen approximately 135% in 2026, driven by high demand for electricity to support artificial intelligence infrastructure. The company manufactures solid oxide fuel-cell systems that provide onsite power, offering a faster alternative to traditional grid connections for hyperscalers and AI companies.

In its second quarter, Bloom Energy reported a 166% year-over-year revenue increase to $1.07 billion, with product revenue growing 215%. The company also raised its 2026 revenue forecast to a range between $3.9 billion and $4.2 billion.

Recent developments include a selection by Nebius, a company backed by Nvidia, to provide power for a 300-megawatt AI data center in New Jersey. Additionally, Bloom Energy expanded its partnership with MiTAC and launched Power Connect to support its growing AI infrastructure segment.