[REVISION HISTORY]

Bloom Energy competition in AI data center power

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2026-09-15 15:03 UTC → 2026-09-16 22:16 UTC · added ~~removed~~

By mid-September 2026, Bloom Energy’s growth continues to be driven by the high demand for electricity to support artificial intelligence infrastructure. The company’s solid oxide fuel-cell systems provide a rapid alternative to traditional grid connections for hyperscalers facing power limitations, addressing the “time to power” bottleneck in the industry. Financial performance remains a focal point. While the company reported FY 2025 revenue of approximately $2.0 billion—a 37.3% increase from the previous year—it recorded a net loss of nearly $88.4 million. However, recent quarterly momentum is strong; second-quarter revenue increased 166% year-over-year to approximately $1.07 billion, leading the company to raise its 2026 revenue forecast to a range between $3.9 billion and $4.2 billion. Market sentiment remains positive despite recent share price volatility linked to broader AI industry safety concerns. Mizuho has raised its price target for the stock from $242 to $351, maintaining an “Outperform” rating and citing stronger pricing signals and demand. A major upcoming catalyst is Bloom Energy’s scheduled inclusion in the S&P 500 index on September 21, where it will replace Molson Coors Beverage. Analysts expect this rebalancing to trigger significant structural demand from index-tracking funds and ETFs. Operational milestones continue to support this trajectory, including expanded supply agreements with Oracle and MiTAC Computing Technology, and selection by Nebius to power a 300-megawatt AI data center in New Jersey. Recent developments also include the deployment of fuel cells for Aligned Data Centers’ 2-gigawatt project in Pennsylvania.

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