5 Energy Stocks That Crushed Earnings Estimates in the First Quarter

2. Bloom Energy Corporation (NYSE:BE)

Number of Hedge Fund Holders: 88 

Bloom Energy Corporation (NYSE:BE) designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Bloom’s Energy Server generates power onsite, converting fuels like natural gas, biogas, and hydrogen into electricity without combustion.

Bloom Energy Corporation (NYSE:BE) rallied to a new high after crushing Wall Street estimates in its Q1 report on April 28, driven by the rising demand for digital power as part of the artificial intelligence boom. The company’s adjusted EPS of $0.44 topped forecasts by $0.31, while its revenue more than doubled to $751 million and exceeded expectations by $211 million.

Notably, Bloom Energy Corporation (NYSE:BE) raised its guidance for FY 2026, with the company now forecasting adjusted EPS in the range of $1.85 to $2.25, up from $1.33 to $1.48 previously. Moreover, it raised its revenue target for the year from $3.1 billion –$3.3 billion to $3.4 billion – $3.8 billion, indicating a robust YoY growth of 80% at the midpoint.

Polen Capital, an investment management company, stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q1 2026 investor letter:

“Bloom Energy Corporation (NYSE:BE) is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, “always on” power at scale. AI data centers require an enormous amount of power and one of the key challenges to date has been the inability of power grids to supply the necessary electricity to meet the constant and growing demands from AI workloads. Bloom’s “Energy Server” fuel cells help address this issue, generating cost-efficient, reliable power onsite, converting fuels like natural gas, biogas and hydrogen into electricity without combustion. With the high demand for always on, decentralized power solutions, Bloom stands to potentially benefit from both capacity expansions and new project wins tied to hyperscaler and industrial customers.”