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Plug Power reduced its Q2 net loss to $190.1 million from $228.7 million year-over-year and significantly improved gross margin to -0.9% from -30.7%, driven by pricing gains, cost reductions, and operational efficiency. However, the company remains unprofitable with a net loss of $436.1 million for the first half of 2026. The company continues restructuring efforts to improve profitability and liquidity.
Bloom Energy Corp. (NYSE: BE) stock extended gains Wednesday as traders weighed S&P 500 inclusion and AI infrastructure demand following Monday's sell-off.
Bloom Energy joins the S&P 500 on September 21, 2026, with shares trading near $263 after tripling in 2026. While the company shows strong fundamentals with 166% YoY revenue growth, doubled guidance to ~100% growth, and profitability, the analyst cautions that the historical index-entry pop has largely disappeared. At a forward P/E of 53, the stock price already reflects significant growth expectations, and the analyst recommends waiting for a better entry point rather than buying ahead of index fund purchases.
Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Bloom Energy Corporation for allegedly making false statements about its reliance on Chinese scandium supplies. A short-seller report on July 8, 2026 revealed that Bloom Energy sourced scandium from China through intermediaries despite claiming minimal China supply chain dependence, causing the stock to fall 5.7%. The firm is seeking lead plaintiffs with a September 28, 2026 deadline.
Babcock & Wilcox is rising Friday as investors digest a $130 million utility contract and its expanding AI data center power footprint.