You don’t need a green thumb to recognize that Bloom Energy (BE +0.96%) stock has blossomed over the past year — and for good reason, too. For some time, the belief that fuel cells and hydrogen stocks represented robust growth opportunities propelled them to incredible heights. Many of these companies, however, are still waiting to demonstrate that the fuel cell and hydrogen business can be profitable.

But not Bloom Energy. The company has demonstrated the viability of its renewable energy initiatives this year, and its shares have soared in response.

investors sitting at a conference table celebrate.

Image source: Getty Images.

Profitability reached an inflection point in 2026

While Bloom Energy has consistently generated gross profits over several years, the bottom line has remained in the red. Most recently, Bloom reported losses per share of $0.37 in 2025 and $0.13 in 2024. In the first two quarters of 2026, though, the bottom line shifted to the positive. Bloom reported diluted earnings per share of $0.62 in Q2 and $0.23 in Q1.

Bloom Energy Stock Quote

Today’s Change

(0.96%) $2.22

Current Price

$232.16

In addition to the shift toward profitability, management’s optimistic revenue outlook has fueled bullish enthusiasm. In addition to reporting Q2 2026 financial results in July, Bloom Energy raised its 2026 revenue guidance to $3.9 billion to $4.2 billion from $3.4 billion to $3.8 billion. Should the company achieve the midpoint of the revised guidance, it will represent year-over-year growth of mearly 100%.

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Bloom stock has soared since last summer

For investors who planted the seeds of a Bloom investment in their portfolios last summer, the returns have been quite fruitful. Those who bought $2,000 of Bloom stock when it touched its 52-week low of $40.56 on Aug. 20, 2025, have seen their positions grow to $11,647 as of the close of trading on Aug. 13, 2026.

Does Bloom stock still have growth potential in its tank?

While there’s considerable hype surrounding data centers embracing nuclear power to meet the sizable power demands of artificial intelligence (AI), small modular reactor (SMR) developers are still awaiting the necessary regulatory licenses to commence commercial operations. Bloom Energy, on the other hand, is proving the allure of fuel cells as a viable power source for data centers — one that can be implemented now.

Lauding this fact, KR Sridhar, Bloom Energy’s CEO and founder, stated in the Q2 2026 press release: “Today, all the major U.S. hyperscalers and over a dozen U.S. neoclouds, AI labs, and colocation data center operators have validated and approved our power solutions for their AI factories. Bloom is now a standard for AI onsite power.”

For investors seeking exposure to hydrogen but hesitant to load up on Bloom Energy after its recent rise, several hydrogen exchange-traded funds (ETFs) offer compelling opportunities.

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