Bloom Energy shares rose 177% this year and 1,396% over 12 months on AI power deals including 2.8GW with Oracle and a $2.6B Nebius agreement. CEO Sridhar says new factory costs can be recovered in six months and Q1 revenue jumped 130.4% year-over-year to $751.1 million.
CEO Kr Sridhar says current demand for modular power systems and data center orders eliminates the need for equity raises, with sales revenues funding operations and expansions.
Over April and May, Bloom signed agreements expanding Oracle capacity to 2.8 GW—1.2 GW already under deployment—and a 10-year, $2.6 billion contract with Nebius to deliver up to 250 MW of fuel cell power capacity in three phases.
The company estimates $100 million to $150 million is required to produce one GW of fuel cells, and Sridhar notes new factory investments can be recouped through sales within six months.
In Q1 2026, revenue surged 130.4% year-over-year to $751.1 million, driven primarily by product revenue growth on the back of increased AI and data center deployments.
