Bloom Energy: AI's Power Bottleneck Just Changed Everything

Bloom Energy's Q3 revenue surged 138% to $1.24 billion as hyperscalers increasingly turned to faster on-site power solutions. Operating income reached $286 million, while product gross margin climbed to 38.4%, showing meaningful manufacturing and operating leverage. BE's addressable market is expanding beyond data centers into utilities, industrial sites, military infrastructure, carbon capture, and 800V DC.