Bloom Energy Corp (NYSE:BE), a leading provider of solid oxide fuel cell technology, saw its stock soar nearly 20% in after-hours trading on Thursday after reporting impressive fourth-quarter results that exceeded analysts' expectations. The company also provided an upbeat outlook for 2025, fueling investor enthusiasm.

In the fourth quarter of 2024, Bloom Energy generated record revenue of $572.4 million, a remarkable 60.4% year-over-year increase, outpacing analysts' estimates of $508.3 million. This robust growth was driven by a 67.2% surge in product and service revenue. The company's adjusted earnings per share (EPS) of $0.43 also surpassed analysts' expectations of $0.30, showcasing its strong profitability.

Furthermore, Bloom Energy reported a record quarterly non-GAAP gross margin of 39.3%, up significantly from 27.4% in the same period last year. This improvement reflects the company's operational efficiency and cost management efforts. Additionally, Bloom Energy generated an impressive $484.2 million in cash flow from operating activities during the quarter.

Looking ahead, the company provided an optimistic revenue guidance range of $1.65 billion to $1.85 billion for the full year 2025, exceeding analysts' estimates of $1.67 billion. This bullish outlook underscores Bloom Energy's confidence in capitalizing on the growing demand for clean and sustainable energy solutions, particularly in the data center and commercial sectors.

KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, attributed the company's success to the increasing 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."