On July 31, Bloom Energy Corp rose 11.8% in regular trading, trading near $230.69/share, with turnover of $3.77 billion. The rally was driven by Mizuho upgrading the stock from neutral to outperform with a $242 price target, compounding momentum from the company's blockbuster Q2 earnings released on July 28.

Bloom Energy posted Q2 revenue of $1.065 billion, surpassing the $1 billion milestone for the first time, representing a 166% year-over-year increase and far exceeding the consensus estimate of $823 million. Adjusted EPS came in at $0.78, beating the $0.40 estimate by 95%. Gross margin expanded sharply to 33.4% from 26.7% a year earlier, while operating profit swung to $182.2 million from a $3.5 million loss. The company raised full-year revenue guidance to $3.9-$4.2 billion, well above the prior Street consensus of $3.73 billion, driven by strong AI data center and hyperscaler demand. CEO stated all major U.S. hyperscalers and over twelve AI-related customers have completed validation. Additionally, the company expanded its AI infrastructure partnership with Brookfield to $25 billion.

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