Halyk Finance Trading Idea: Bloom Energy Corporation

Bloom Energy Corporation is a leading and effectively the only manufacturer of solid oxide fuel cells (SOFC) at an industrial scale. The Bloom Energy Server platform generates electricity directly at the point of use, using natural gas, biogas, or hydrogen, with higher efficiency than fuel-burning power generation. Over the past year and a half, amid the explosive growth in AI infrastructure spending, management has repositioned Bloom as an energy infrastructure provider for hyperscalers, AI labs, and semiconductor manufacturers.

Growth drivers:

• Accelerating AI demand and record backlog conversion – demand from hyperscalers and AI labs continues to accelerate, and the backlog is growing faster than revenue, improving visibility into 2027. In Q2 2026, the company exceeded the revenue consensus by 27% and raised its annual guidance by 12.5%, reflecting stronger backlog conversion and confident intra-year bookings.
• Operational leverage materializes ahead of schedule – a key element of the guidance revision was an increase in the operating margin target to approximately 21%, about 225 bps above the previous plan, while maintaining the gross margin target of around 34%. Mizuho forecasts EBITDA margin expansion of roughly 920 bps between 2026 and 2030.
• Progress on permits in New Mexico – the New Mexico Department of Environment published a draft permit for Project Jupiter with a capacity of about 2.46 gigawatts and concluded that the facility meets air quality standards.
• Validation from hyperscalers – Bloom’s technology has been approved by all major U.S. hyperscalers and more than a dozen other customers, including neoclouds and AI labs.
• Nancy Pelosi trade disclosure – the “best trader in Wall Street history” and former Speaker of the U.S. House of Representatives, Nancy Pelosi, disclosed a transaction involving Bloom Energy stock and options. According to a periodic transaction report filed under the STOCK Act on August 24, 2026, the purchases were made in two tranches in late July 2026 and include about 15,000 shares of BE and 200 call options with a $100 strike price expiring in June 2027, equivalent to roughly 20,000 underlying shares.
• Potential inclusion in the S&P 500 – as market capitalization approaches ~$64 billion and the company transitions to positive GAAP profitability in the first half of 2026, Bloom Energy has become a discussed candidate for inclusion in the S&P 500 alongside Astera Labs and Reddit. According to market sources, the company already meets key criteria for size, liquidity, and profitability, formally paving the way for inclusion during the next index rebalancing.