RENIXX Earnings Season: Bloom Energy Surges on AI Boom, EDPR Gains, Enphase Stagnates, Verbund Under Pressure
Münster – The earnings season is now in full swing among publicly listed companies in the renewable energy sector. In addition to Nordex, four more RENIXX World-listed companies – Bloom Energy, EDP Renewables, Enphase Energy and Verbund – have reported their results for the second quarter or first half of 2026 this week.
Bloom Energy: Record Quarter on AI Data Center Demand
Fuel cell and hydrogen technology company Bloom Energy, based in San Jose, California, reported revenue of USD 1.065 billion for the second quarter of 2026, up 165.5 percent from USD 401.2 million a year earlier. According to the company, this marks the first time quarterly revenue has exceeded USD 1 billion. Adjusted EBITDA rose from USD 41.2 million to USD 253.4 million, while GAAP net income swung from a loss of USD 42.6 million to a profit of USD 196.3 million. Diluted earnings per share came in at USD 0.62, compared with a loss of USD 0.18 a year earlier (non-GAAP: USD 0.78). Bloom Energy is benefiting from sharply rising demand for power to supply data centers amid the ongoing AI build-out. "Bloom is today the standard for the on-site power supply of AI facilities," said CEO KR Sridhar. According to the company, all major US hyperscalers, along with additional cloud providers and AI labs, have now approved Bloom's solutions. Bloom Energy raised its 2026 revenue guidance from a previous range of USD 3.4-3.8 billion to USD 3.9-4.2 billion.
EDP Renewables: US Growth Offsets Weak European Prices
Renewable energy company EDP Renewables (EDPR) generated electricity revenue of EUR 1,143 million in the first half of 2026, down 2 percent year-on-year. Adjusted EBITDA rose 8 percent to EUR 1,033 million, while adjusted net income increased 33 percent to EUR 183 million. The growth was driven by capacity expansion in North America, where installed capacity grew by 1.8 GW gross to 20.5 GW and generation rose 4 percent to 22.1 TWh, while the average electricity selling price fell 6 percent group-wide to EUR 51.8/MWh, and by 11 percent to EUR 73.3/MWh in Europe. In May 2026, EDPR agreed to sell its Brazilian business (1.8 GW) to parent company EDP.
Enphase Energy: Core Business Stagnates, New Bet on AI
Solar technology provider Enphase Energy reported revenue of USD 291.9 million for the second quarter of 2026, virtually unchanged from the first quarter (USD 282.9 million) but around 20 percent below the year-earlier figure of USD 363.2 million. Based on GAAP operating income of USD 51.5 million and depreciation of USD 20.2 million, unadjusted EBITDA works out to approximately USD 71.7 million. According to the company, the GAAP gross margin of 60.0 percent was largely driven by a one-time US tariff refund of USD 45.4 million; excluding special effects, the margin stood at 46.8 percent. GAAP net income declined slightly from USD 37.1 million to USD 36.1 million, while diluted earnings per share came in at USD 0.27, just below the year-earlier figure of USD 0.28 (non-GAAP: USD 0.46). At the same time, Enphase is advancing its IQ® Solid-State Transformer for data centers, with a system test planned for this year. For the third quarter, the company expects revenue of USD 290-320 million.
Verbund: Water Levels and Prices Weigh on Results
Vienna-based renewable energy company and hydropower producer Verbund posted the weakest first-half performance among the four. According to the quarterly results published today, revenue fell 11.0 percent to EUR 3,593.8 million, while EBITDA dropped 24.9 percent to EUR 1,061.5 million. Group net income declined 35.4 percent to EUR 518.1 million (adjusted: down 31.4 percent to EUR 537.8 million), with earnings per share falling by the same margin, from EUR 2.31 to EUR 1.49. According to Verbund, the decline was due to significantly below-average water levels – the generation coefficient of its run-of-river power plants stood at 0.68, 32 percentage points below the long-term average – as well as a EUR 31.0/MWh drop in the average selling price for hydropower to EUR 86.2/MWh. Verbund slightly lowered its 2026 guidance: EBITDA is now expected to range between EUR 2,100 million and EUR 2,400 million (previously: EUR 2,100-2,500 million), and group net income between EUR 1,000 million and EUR 1,150 million (previously: EUR 1,000-1,200 million).
Share Prices: RENIXX Stocks Diverge
This week's share price reactions only partly reflect the quarterly and half-year results. Over the first three trading days of the week, Bloom Energy's stock fell sharply, from EUR 161.80 to EUR 142.80 (-11.7 percent), though it remains the top performer in the RENIXX World year-to-date with a gain of 90.4 percent. EDPR shares lost 6.1 percent over the week to EUR 13.31, leaving them up 12.1 percent since the start of the year. Enphase shares fell 5.0 percent to EUR 30.64 (year-to-date gain: 8.6 percent). The RENIXX World index itself dropped 2.4 percent over the first three trading days of the week to 1,217.29 points, still up 7.7 percent year-to-date.
The muted share price reaction to Bloom Energy's record results suggests investors have already largely priced in growing AI and data center demand as a share price driver. How the market will respond to Verbund's weak figures remains to be seen: on the morning of July 30, Verbund shares were trading at EUR 58.80, up 0.94 percent (as of 11:18 a.m.).
Source: IWR Online, 30 Jul 2026
