Bloom Energy, GE Vernova, Constellation Energy, Talen Energy, and Quanta Services all posted gains on Nov. 11, driven by robust data center power demand, record backlogs, and strategic capacity investments.
Q3 2026 results on Oct. 28 showed orders of $29.3 billion, up 96% organically, backlog up $20 billion to $197 billion, and a guidance raise: revenue to $46.5-$47.5 billion and free cash flow to $16-$17 billion, up from $11.5-$12.5 billion. The stock closed up 1.4% at $808.24 on Nov. 11 despite the strong figures.
Q3 2026 results on Nov. 3 showed Adjusted EBITDA of $669 million and the company introduced 2027 guidance of $2,500-$2,850 million EBITDA and $1,500-$1,750 million free cash flow, plus a $1.5 billion accelerated share repurchase. The stock closed up 4.9% at $378.71 on Nov. 11, the second-largest gainer of the group.
Q3 2026 results on Nov. 9 showed adjusted operating earnings of $5.06 per share and the company raised and narrowed its full-year guidance to $12.50-$12.80 per share. Long-term 20-year power purchase agreements enable more than $4.3 billion of nuclear investment adding about 890 MW, plus a 690 MW Amazon deal with over $3 billion of investment. The stock rose 2.6% to $274.73 on Nov. 11.
Q3 2026 results on Oct. 29 showed revenue of $12.01 billion versus $7.63 billion a year earlier, adjusted diluted EPS of $6.06 versus $3.33, and record backlog of $63.7 billion with $41.8 billion in remaining performance obligations. Quanta raised its 2026 expectations across all metrics; the stock rose 4.3% to $607.94 on Nov. 11.
NTT DATA agreed on Nov. 5 to deploy 900 MW of Bloom's onsite fuel cell power across global data center projects, described as Bloom's largest international project to date with a path to gigawatt scale. The stock already rose 13.0% to $209.47 on Nov. 11, so part of the positive news may be priced in, and initial shipments only start in 2027.
Shares of five major power and infrastructure suppliers climbed on Nov. 11, buoyed by strong quarterly results and significant capacity expansion agreements. Bloom Energy led the group with a 13.0% gain following a 900 MW fuel cell deal with NTT DATA, while firms like GE Vernova and Quanta Services reported record backlogs. These developments align with EIA projections that U.S. electricity generation will reach a record 4,390 billion kilowatthours in 2026.
For 2026 it now expects revenue of $46.5 billion to $47.5 billion and free cash flow of $16 billion to $17 billion, up from prior ranges of $45.5-$46.5 billion and $11.5-$12.5 billion.
Talen announced a $1.5 billion accelerated share repurchase program alongside its Nov. 3 third-quarter results.
A 20-year PPA announced in October supporting more than $4.3 billion of investment to add about 890 MW across 11 nuclear units, and a 20-year, 690 MW PPA with Amazon from September enabling over $3 billion at Calvert Cliffs.
Total backlog was a record $63.7 billion, with remaining performance obligations of $41.8 billion, both identified by the company as record results.
The article attributes the rally to momentum in data center power suppliers, including Bloom's 900 MW onsite power agreement with NTT DATA announced Nov. 5, its largest international project to date.