What’s Propelling Bloom Energy’s (BE) 13% Run?

Bloom Energy Corp. (NYSE:BE) is one of the AI Stocks Dominating List of Biggest Winners.

Bloom Energy saw its share price increase by 12.99 percent on Wednesday to close at $209.5 apiece, as investor sentiment was bolstered by one of its customers’ strong earnings performance in the third quarter of the year, helping allay fears about the sustainability of artificial intelligence buildout.

In its updated report, data center operator CoreWeave Inc. said that revenues for the third quarter of the year climbed by 168 percent to $3.66 billion from only $1.36 billion in the same period last year, on the back of customer wins across AI labs, hyperscalers, and enterprises, namely Canva, Mirendil, Parallel Web Systems, Serve Robotics, Substack, and Wayve, among others. As of the end of September, its revenue backlog stood at $132.5 billion.

For illustration purposes only. Photo by Brett Sayles on Pexels

Having been its partner since July 2024, CoreWeave’s latest results offer further proof that AI infrastructure spending remains strong, potentially translating into sustained demand for Bloom Energy Corp.’s fuel cell systems as data center operators expand their computing capacity.

In the third quarter of the year, Bloom Energy Corp. said that it swung to a net income of $250.27 million in the third quarter of the year from a $23.09 million net loss in the third quarter of 2025. Revenues increased by 138 percent to $1.236 billion from only $519 million year-on-year.

Bloom and CoreWeave’s partnership dates back to July 2024, when they joined forces for the deployment of proprietary fuel cells to generate on-site power at a high-performance data center in Volo, Illinois.

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