Fuel cell company Bloom Energy (BE.US) saw its stock continue to rise after releasing its Q3 2025 earnings report. On October 28, the stock closed at USD 113.28, up 4.38%, with a trading volume of approximately USD 1.44 billion. Over the past five trading days, the stock price rebounded from a low of around USD 88 to over USD 113, marking a cumulative increase of more than 28%, reaching a new high in recent months, signaling a notable recovery in market sentiment.

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Q3 Results Exceed Expectations, Strong Revenue Growth and Significant Loss Reduction

According to Bloom Energy's earnings report, for the third quarter ending September 30, 2025, the company achieved USD 519 million in revenue, a 57.1% increase from USD 330.4 million in the same period last year, setting a new record for the fourth consecutive quarter. Of this, product and service revenue reached USD 442.9 million, a 55.7% year-over-year increase.

In terms of profitability, GAAP gross margin stood at 29.2%, improving by 5.4 percentage points compared to the same period last year. The Non-GAAP gross margin reached 30.4%. The company's operating loss narrowed significantly to USD 7.8 million, compared to a loss of USD 9.7 million in Q3 2024. Non-GAAP operating income was USD 46.2 million, a USD 38.1 million improvement from the USD 8.1 million in the previous year, reflecting continued improvements in operational quality.

Accelerated Business Expansion, AI Data Centers and Hydrogen Energy Become New Growth Engines

Bloom Energy continues to optimize its revenue structure, with service business showing strong performance. The growing demand from corporate clients for long-term maintenance and energy management has driven a steady increase in service revenue, enabling the company to achieve double-digit Non-GAAP profit margins for the second consecutive quarter, contributing to more stable cash flow.

Simultaneously, the commercialization of solid oxide fuel cell (SOFC) systems is accelerating, with increasing demand from AI data centers. The proportion of new orders from cloud computing companies continues to rise. The company also sees growth in distributed energy applications in industrial manufacturing, medical institutions, and corporate campuses.

In terms of strategic expansion, the company announced a USD 5 billion energy infrastructure collaboration with Brookfield Asset Management, focusing on advancing low-carbon energy supply projects, particularly aimed at the high-energy demands of AI data centers. Additionally, Bloom Energy is expanding its hydrogen energy and electrolyzer production lines to capitalize on the structural opportunities arising from the global energy transition. The company's management stated that hydrogen commercialization is entering an accelerated phase, positioning the company to take a leading role in the next energy revolution with its technological and manufacturing scale advantages.

Rising Interest in Energy Transition, Positive Outlook for Bloom Energy

With continued progress in clean energy transition policies in both the U.S. and globally, the hydrogen energy and fuel cell industries are gaining renewed attention. Bloom Energy, leveraging its technological expertise and scaling advantages, is well-positioned to benefit from the next wave of energy transformation. Management expects that starting in 2026, the company’s revenue structure will be further optimized, creating long-term value for shareholders.

How to Buy Bloom Energy on uSMART HK

After logging into the uSMART HK App, tap the search icon in the top-right corner, enter the stock code (BE.US), and open the details page to view trading and historical information. Then tap “Trade” at the bottom-right, select the order type, enter your trading conditions, and submit your order.

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