Bloom Energy Corp (NYSE:BE), a leading provider of solid oxide fuel cell technology, reported impressive fourth-quarter results that exceeded analysts' expectations. The company's stock surged in after-hours trading, reflecting investors' optimism about its robust growth and upbeat outlook for 2025.

In the fourth quarter of 2024, Bloom Energy generated revenue of $572.39 million, a remarkable 60.4% year-over-year increase, outpacing analysts' estimates of $508.28 million. The company's adjusted earnings per share (EPS) of $0.43 also surpassed analysts' expectations of $0.30 by a significant margin.

Bloom Energy's strong performance was driven by substantial growth in product and service revenue, which increased by 67.2% year-over-year. The company also generated $484.2 million in cash flow from operations, further strengthening its financial position.

KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, attributed the company's success to the growing demand for its innovative solutions, stating, "We are the solution of choice for powering AI, whether that's large data centers that need reliable power now, or businesses that are going to use AI for productivity gains. Our proven solution is ready to be deployed at GW scale starting this year."

The company's upbeat guidance for 2025 added to the positive sentiment, with Bloom Energy forecasting revenue in the range of $1.65 billion to $1.85 billion, exceeding analysts' estimates of $1.67 billion. This bullish outlook reflects the company's confidence in capitalizing on the increasing global shift towards clean and sustainable energy sources.