BE
NYSE · Industrials · Electrical Equipment & Parts · US
Research · Nov 4, 2026
Onsite Gas Power Generation Adds Storage and Distribution to Manage AI Load Swings
Atlas Energy Solutions and Williams say AI load swings force onsite gas plants to add storage and power distribution, lifting Atlas's capex above $2 million per MW.
Research · Oct 29, 2026
Data Center Power Contracting Shifts Toward Utility GenCo Structures
NiSource expects GenCo EPS of $0.32-$0.40 by 2030, while AEP and FirstEnergy assess similar structures for data center power projects.
Research · Oct 2, 2026
[BE] Bloom Energy: Q3 2026 earnings preview as one customer drives 73% of revenue
Bloom Energy grew Q2 2026 revenue 166% to $1.065 billion, with 73% from one customer; Q3 tests whether AI data center deliveries broaden enough to hold guidance.
Research · Sep 3, 2026
[BE] Bloom Energy Thesis 2026: Datacenter Power Demand Drives Revenue Acceleration
Bloom Energy FY25 (Dec 31, 2025) at $2.02B revenue (+37% from $1.47B FY24). OpInc $73M (+218%); Net loss -$88M (improving from -$29M FY24, -$302M FY23). Diluted EPS -$0.37. FCF $57M (+72%). Total debt $3.0B (+$1.5B for capex/inventory). Solid-oxide fuel cells for distributed power generation. AI/hyperscaler data center power demand thesis. PT rerating Feb-Apr 2026: Baird $172→$242, UBS $170→$251, Jefferies UP→Hold ($97→$187), JPM $166→$231. PT range $97-$184 → $173-$251.
Research · Apr 30, 2026
BE Q1: Revenue +130%, Guidance Implies 80% Plateau
Bloom Energy's Q1 2026 130% revenue beat masks the mathematical reality of its raised guidance: sustaining a $950M quarterly run rate rather than continuing hyper-growth. The 20-point guidance raise to 80% full-year growth implies Q1's exceptional pace is unsustainable, pointing to a plateau at elevated levels as AI data center deployments mature.