FINWIRES · TerminalLIVE
FINWIRES

Bloom Energy's Q2 Results Above Most Bullish Estimates, RBC Capital Markets Says

By

Bloom Energy (BE) reported Q2 results that were above even the most bullish expectations and raised its full-year revenue guidance as fuel cell sales continue to grow, RBC Capital Markets said in a note Tuesday.

The company now expects 2026 revenue in a range of $3.9 billion to $4.2 billion, a $450 million or 12.5% increase at the midpoint.

The investment firm projected revenue to increase to about $7.4 billion in 2028, driven by strong sales of fuel cells to large data center customers.

The firm said Bloom Energy is in the early stages of a large demand ramp and its ability to provide power in under 90 days remains its "superior" value proposition, highlighting the strength of its potential pricing power.

RBC has an outperform rating on Bloom Energy and a $335 price target.

Shares of the company were down 2% in Wednesday trading.

Price: $163.46, Change: $-3.38, Percent Change: -2.03%

Related Articles

Wire

Orion Q2 Adjusted Earnings Fall, Revenue Rises; Cuts 2026 EPS Guidance

Orion Group (ORN) reported Q2 adjusted earnings late Tuesday of $0.02 per share, down from $0.07 a year earlier.Analysts polled by FactSet expected $0.06.Revenue for the quarter ended June 30 rose to $221.9 million from $205.3 million a year earlier.Analysts expected $225.7 million.The company now expects 2026 adjusted EPS of $0.23 to $0.30, compared with $0.36 to $0.42 earlier. The company continues to see full-year revenue of $900 million to $950 million.Analysts expect $0.39 and $938.9 million, respectively.Shares of Orion were down 8% in after-hours activity.

$ORN
Wire

Rogers Q2 Adjusted Earnings, Revenue Rise

Rogers (ROG) reported Q2 adjusted earnings late Tuesday of $0.92 per diluted share, up from $0.34 a year earlier.Three analysts polled by FactSet expected $0.99.Revenue in the three months ended June 30 rose to $216.8 million from $202.8 million a year earlier.Three analysts surveyed by FactSet expected $215 million.The company expects Q3 adjusted EPS of $1.10 to $1.30 on revenue of $233 million to $243 million.Three analysts expect EPS of $1.03 on revenue of $225.5 million.The company's shares fell 2% in after-hours trading.

$ROG
Wire

Extra Space Storage Q2 Core FFO, Revenue Rise

Extra Space Storage (EXR) reported Q2 core funds from operations late Tuesday of $2.15 per diluted share, up from $2.05 a year earlier.Analysts polled by FactSet expected $2.07.Revenue for the three months ended June 30 rose to $874.2 million from $841.6 million a year earlier.Analysts expected $875 million.The company raised full-year core FFO guidance to $8.25 to $8.40 a share from the prior range of $8.05 to 8.35. Analysts expect $8.29.The company's shares fell 1.5% in after-hours trading.

$EXR