Bloom Energy (BE) Powers to Record High. Here's Why

We recently published Wall Street Can’t Keep up With These 10 Crushing Stocks; 6 at Fresh Record Highs. Bloom Energy Corp. (NYSE:BE) is one of the best-performing on Monday.

Bloom Energy kicked off Monday’s trading hitting a new all-time high as investors hunted for energy shares, with the overall industry now preparing for a stronger demand amid increased use of heating for the winter season.

At intra-day trade, the stock climbed to a new 52-week high of $147.8 before paring gains to end the day just up by 7.73 percent at $142.37 apiece.

Last Friday, Bloom Energy Corp. (NYSE:BE) announced plans to upsize its planned convertible senior notes offering to $2.2 billion from $1.75 billion previously, as it seeks to raise more funds to finance research and development, manufacturing activities, and other general corporate purposes.

Under the terms of the issuance, noteholders would be able to convert their holdings to cash, shares, or a combination of both beginning August 15, 2030, until before the notes mature on November 30, 2030.

Every $1,000 note would be converted to 5.1290 Class A common shares, representing a 52.50 percent premium over its $127.85 closing price on October 30, 2025.

Also last week, Bloom Energy Corp. (NYSE:BE) said that it widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year, but was lower by 46 percent than the $42.6 million net loss in the last quarter.

Revenues grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.

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Disclosure: None. This article is originally published at Insider Monkey.