Bloom Energy (BE) shares fell more than 12% after its third-quarter report, even though revenue rose 138% year over year to a record $1.2 billion and adjusted operating margin climbed to 23.1% from 8.9%. Management raised its 2026 revenue outlook to $4.5 billion, about 122% growth, for the third time this year. Negative free cash flow of $181 million in the quarter may have concerned investors, though the company spent $153 million to scale capacity. Brookfield Asset Management expanded its financing deal with Bloom from $5 billion to $25 billion, and the stock was down 30% in one month as of writing.
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