Bloom Energy hits record high on Q3 results beat, AI power demand surge

Bloom Energy

29/10/2025 14:03

Updates

** Shares of fuel-cell maker Bloom Energy BE.N jump 22% to a record high of $137.82 after Q3 results beat estimates

** Co's installation revenue more than doubles year-on-year as power demand for AI infrastructure surges

 ** Brookfield Asset Management BAM.TO said on October 13 it would invest $5 billion in BE's fuel cell technology to power data centers, sending BE shares up 26.5%

** AI-led power demand in U.S. will have consumption reach a record high in 2025 and 2026, according to the Energy Information Administration

** BE beats revenue estimates for the fourth consecutive quarter

** Stock is up more than fivefold YTD vs 13.6% gain for the NYSE Composite Index .NYA in the same period

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))