Bloom Energy Corporation (NYSE:BE) shares rose 5.0% in pre-market trading on Wednesday, recovering from losses in the previous session as investors prepared for the company’s third-quarter 2026 financial results, scheduled for release after the market close on 22 October.
The increase followed selling pressure across companies associated with artificial intelligence infrastructure and power generation. Investors were also assessing analyst forecasts for Bloom Energy’s quarterly revenue and demand for its fuel cell technology from data centre operators.
Bloom Energy shares declined during the previous trading session alongside other companies supplying power infrastructure to the artificial intelligence industry.
The sector-wide decline followed a difficult stock market debut by a South Korean data centre company, which contributed to selling pressure across AI-related infrastructure stocks.
Wednesday’s pre-market increase represented a partial recovery from those losses.
The movement also occurred ahead of Bloom Energy’s quarterly earnings announcement, with investors evaluating the company’s revenue outlook and recent developments in the data centre market.
Although the recovery followed the previous session’s decline, the precise contribution of individual factors to the share price movement cannot be established.
Bloom Energy is scheduled to release its third-quarter 2026 financial results after the US market closes on Thursday, 22 October.
Analysts expect quarterly revenue of approximately $1.06 billion to $1.07 billion, representing roughly double the revenue recorded in the corresponding period a year earlier.
The forecasts reflect expectations for increased demand for Bloom Energy’s fuel cell systems, particularly among customers requiring electricity for data centres and other large-scale facilities.
Investors will be assessing whether the company meets these revenue estimates and how higher sales affect profitability, operating expenses and cash generation.
The results will also provide an opportunity to evaluate management’s expectations for the final quarter of 2026 and beyond.
Truist Securities raised its price target for Bloom Energy shares from $218 to $240 on 16 October while maintaining its Hold rating.
The revised target reflected the firm’s updated valuation assessment without changing its overall investment recommendation.
The broader analyst community had an average price target of approximately $285, according to the supplied market report.
Separately, RBC Capital Markets identified Bloom Energy as a company with potential for a share price recovery during the fourth quarter of 2026.
These assessments reflect analysts’ expectations for the company’s future performance and valuation, rather than confirmed financial outcomes.
Bloom Energy supplies solid oxide fuel cell systems that generate electricity on-site, allowing customers to obtain power without relying exclusively on traditional electricity grid connections.
The technology has attracted attention from data centre operators seeking additional power capacity for artificial intelligence computing infrastructure.
Large AI facilities require substantial electricity supplies, and delays in grid connections can affect the timing of new data centre developments.
Bloom Energy’s systems provide an alternative source of electricity that can be installed at customer facilities.
However, the company’s ability to benefit financially from rising demand will depend on securing contracts, delivering equipment, managing production costs and maintaining acceptable margins.
Bloom Energy’s involvement in Oracle’s Project Jupiter data centre development in New Mexico has been an important part of the company’s AI infrastructure investment narrative.
Bloom has been identified as the primary power supplier for the development, which requires electricity to support large-scale computing operations.
An update from Oracle during the previous week indicated that construction was “moving quickly”, contributing to a temporary increase in Bloom Energy shares.
The project illustrates the potential role of on-site power generation in supporting data centre construction.
However, the financial contribution to Bloom Energy will depend on the project’s development schedule, equipment deliveries and the terms of its commercial arrangements.
Bloom Energy’s pre-market advance coincided with gains in major US stock indices.
The Nasdaq increased approximately 0.7%, while the S&P 500 advanced 0.2%.
These movements provided a positive backdrop for technology and infrastructure-related shares.
Bloom Energy’s 5.0% increase exceeded the gains in the broader indices, suggesting that company-specific developments and the recovery in AI infrastructure stocks were relevant to its performance.
The stock has also experienced substantial price movements over the past year, having risen considerably from its reported 52-week low of $75.70.
Options market pricing ahead of Bloom Energy’s quarterly results indicated expectations for a share price movement of approximately 9% following the announcement.
This figure represents the magnitude of the movement implied by options prices rather than a forecast of whether the stock will rise or fall.
Such expectations can reflect uncertainty about quarterly results, future guidance and the market’s assessment of the company’s valuation.
The actual movement following the earnings announcement may be larger or smaller than the implied figure.
The immediate focus will be Bloom Energy’s third-quarter financial results on 22 October.
Investors will be comparing reported revenue with the consensus estimate of approximately $1.06 billion to $1.07 billion, while also examining profitability, cash flow and management’s outlook.
Updates on data centre contracts, production capacity and the progress of projects such as Oracle’s Project Jupiter will provide further information about the company’s commercial opportunities.
Bloom Energy’s 5.0% pre-market increase followed the previous session’s decline and occurred ahead of an earnings announcement expected to provide additional detail about demand for its power generation systems.
Bloom Energy stock price
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