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Fuel cell manufacturer Bloom Energy kept its meteoric 2025 rise going. The stock rose by more than 20% in after hours trading following the release of third quarter earnings. Bloom Energy (BE) beat analyst expectations for revenue and earnings. Quarterly revenue stood at $519 million against a consensus estimate of $428 million, according to FactSet. Adjusted earnings were 15 cents per share compared an expected 10 cents. Standard earnings per share netted out to a loss of 10 cents apiece. Bloom Energy is one of the top-performing stocks of the year, gaining more than 410% in 2025. Investors see its solid oxide fuel cell as a possible new source of power for the surging energy demand caused by the expansion of AI data centers. Bloom's cells operate independently of traditional power grids. They are also highly efficient, emitting only heat and clean water. In its earlier iterations Bloom was viewed as a green energy company, with promising tech, but it struggled with the same skepticism from investors as other climate stocks. However, the continued proliferation of AI meant that it found a new source of demand for its fuel cells. So far this year Bloom Energy has inked major deals with Brookfield Asset Management (BAM), Oracle (ORCL), and the data center company Equinix (EQIX). Bloom Energy Stock On Tuesday Bloom stock closed at 113.28, sitting on a 34% gain for October. Bloom Energy reported third quarter results after the market close. After the earnings release, the stock jumped as high as 123.81 in after-hours trade, before paring gains. BE is up 290% since its breakout in late July at 33.06. The current uptrend came after a 25-week consolidation period that began in January. Earlier this month BE hit its all-time high of 125.75 on the day the agreement with Brookfield was announced. The stock pulled back since then, before spiking on the earnings news. Tuesday's close was 45.7% above the 50-day average, according to data from MarketSurge. Other fuel cell stocks also had substantial run-ups so far this year. Plug Power (PLUG), which makes hydrogen fuel cells, is up 20% this year, though it sank 5.7% on Tuesday. Meanwhile Ballard Power Systems (BLDP), which manufactures heavy duty versions of fuel cells, has gained 86% year to date. Both stocks trade below 5. YOU MAY ALSO LIKE
