Bloom Energy is set to report its fourth-quarter 2025 results on Feb. 5, after market close. The current Zacks Consensus Estimate calls for earnings of 25 cents per share on revenues of $649.1 million.

Earnings expectations for the quarter have remained unchanged over the past 60 days. While the bottom-line forecast reflects a projected decline of 41.86% compared with the same period last year, revenue is expected to grow 13.41% year over year, signaling continued top-line momentum.

Recent Earnings Performance

Bloom Energy has delivered earnings beats in each of the past four quarters, posting an average surprise of 88.25%. This consistent outperformance highlights the company’s ability to exceed market expectations, even amid challenging conditions.

What the Zacks Model Suggests

At this time, Zacks’ proprietary model does not point to a likely earnings beat for Bloom Energy. Typically, the strongest probability of an upside surprise comes from a combination of a positive Earnings ESP and a Zacks Rank of #1 (Strong Buy), #2 (Buy), or #3 (Hold). Bloom Energy currently carries an Earnings ESP of 0.00% and a Zacks Rank #3, which places it in neutral territory for this reporting cycle.

By comparison, several peers in the sector — including TC Energy, Ormat Technologies and Enlight Renewable Energy — show positive Earnings ESP readings alongside Zacks Rank #3 ratings, suggesting a higher potential for earnings surprises this season.

Key Factors That May Have Influenced Q4 Results

Bloom Energy’s fourth-quarter performance is expected to reflect growing demand for its clean, on-site power solutions. As lead times from traditional utilities continue to lengthen, the company’s grid-independent systems have become increasingly appealing to customers, likely supporting quarterly results.

During the quarter, Bloom Energy issued new notes, generating net proceeds of $2.16 billion. These funds were used to redeem existing notes, with remaining capital allocated toward general corporate purposes, including research and development, sales and marketing initiatives, manufacturing expansion, capital expenditures and administrative needs.

The company also announced a major $5 billion partnership with Brookfield in Q4, under which Bloom Energy will provide on-site power for Brookfield’s global AI facilities. With extensive experience deploying fuel cell technology across data centers, Bloom Energy is well positioned to benefit from rising demand tied to artificial intelligence infrastructure.

Revenue is also expected to have been supported by ongoing projects in South Korea — a key international market — along with continued growth in installations of the company’s Energy Server systems.

Overall, while near-term earnings comparisons may appear challenging, Bloom Energy continues to strengthen its strategic position through partnerships, expanding deployments and increasing relevance in the fast-growing AI and clean-energy markets.