SPIC Green Energy completes world’s largest single-batch green ammonia export

Bloom Energy reported second-quarter revenue of $1.07 billion, up 166% year on year and 27.7% above analysts' expectations, the strongest beat among the 17 renewable energy stocks tracked in the group. The company also beat analysts' EPS and EBITDA estimates and posted the group's fastest revenue growth and highest full-year guidance raise, with founder, chairman and chief executive KR Sridhar saying all major US hyperscalers and over a dozen US neoclouds, AI labs and colocation data center operators have validated and approved its power solutions for their AI factories. Bloom Energy shares are up 72.5% since reporting and trade at $287.75. Across the group, the 17 renewable energy stocks beat consensus revenue estimates by 2.4% while next-quarter revenue guidance came in 6.7% below, and share prices have fallen 3.3% on average since the latest results. Sunrun reported revenue of $870 million, up 52.8% year on year and 19.2% above expectations, though its stock is down 27.5% at $7.61, while Fluence Energy posted revenue of $649.8 million, up 7.9% but 18.8% short of estimates, with its stock down 46.1% at $7.67. ChargePoint reported revenue of $116.1 million, up 17.7% and 10.3% above expectations, with its stock up 72.4% at $8.95, and First Solar reported revenue of $1.06 billion, down 3.7% year on year and 1% below expectations, with its stock down 14.7% at $175.80.

Air Products and Chemicals is positioned to potentially beat earnings estimates again in its next quarterly report, according to Zacks Investment Research. The industrial gas supplier has topped estimates in each of its last two reports, with an average surprise of 4.10% over that span. In the most recent quarter, it reported $3.47 per share against a consensus estimate of $3.36, a surprise of 3.27%, after posting $3.2 per share versus an estimate of $3.05 in the prior quarter, a surprise of 4.92%. The company currently carries an Earnings ESP of +0.79% and a Zacks Rank #2 (Buy), a combination Zacks research shows produces a positive surprise nearly 70% of the time.

Polar Power said its board rejected an all-cash offer from Solidion Technology to acquire all of the company's assets, with no financial terms of the offer disclosed. The company said it received Solidion's offer last week, but the board concluded the proposal substantially undervalues Polar Power's assets, intellectual property, existing business opportunities, and significant growth opportunities. CEO Arthur Sams said Polar Power has spent decades developing valuable technology, intellectual property, and operating capabilities that position the company for significant opportunities across its existing and emerging markets. The rejection follows last week's move by Flux Power, whose board also rejected a separate acquisition proposal from Solidion on the grounds that it undervalued the company.

Oracle Corporation has issued a force majeure notice on Project Jupiter, its New Mexico AI data center campus, which includes Bloom Energy Corporation's largest single fuel-cell deployment covering up to 2.45 gigawatts within a project expected to involve up to $165 billion of investment over its life. The notice is a financial protection against regulatory delays intended to defer payments if the data center is not operational by 2028, not an indication that Oracle is leaving the project as a tenant, and Oracle told Bloomberg it remains fully committed to New Mexico. Project Jupiter has already faced permitting hurdles, including the New Mexico State Land Office's rejection of pipeline permits in March and again in July, which led Oracle to replace gas turbines with Bloom fuel cells earlier this year. Bloom Energy's exposure is significant and concentrated, as Jupiter represents its single largest deployment within roughly 25 gigawatts of total pipeline visibility, and debt linked to the project has been trading below 90 cents on the dollar. Bloom Energy said its equipment is fungible and can be deployed elsewhere if Jupiter is delayed, while Oracle carries about $89 billion more debt than cash and depends on projects like Jupiter opening on time to support growth that jumps to between 35% and 43% a year.