BE

If they make the cut, the two companies will be the first energy inclusions in the index since 2022. Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion, well above the current minimum requirement of $22.7 billion. Apart from BE and LNG, Roberts has reportedly named Astera Labs and Everpure among the top candidates for admission to the index. The S&P 500 rebalancing for the third quarter is due at the end of the month, with announcements expected on Friday. As per market participants and investors, two energy companies are likely to make the list. Bloom Energy Corp. (BE) and Cheniere Energy Inc. (LNG) are two of the most likely inclusions in the benchmark index, according to Stephens analyst Melissa Roberts, a report from Barron’s said. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox If they make the cut, the two companies will be the first energy inclusions in the index since 2022. The energy sector has boomed in recent months due to the ongoing energy supply crunch amid the Iran war. In a note to clients, Roberts said she expects two or three changes in the index to be announced along with the rebalancing. Bloom and Cheniere are the largest companies by market value that are eligible for inclusion in the index, with market values of about $60 billion, well above the current minimum requirement of $22.7 billion. As of Thursday’s close, Bloom Energy has a market capitalization of $69.25 billion, as per data from Robinhood. Cheniere has a market capitalization of $60.05 billion. According to Roberts, Cheniere has been eligible for some time and could finally be added this quarter, given the strength in the energy sector this year. To qualify for inclusion in the S&P 500, a company must be based in the U.S., have a market capitalization of at least $22.7 billion, have positive GAAP earnings in the latest quarter and cumulatively over the past four quarters, and have at least 10% of its shares available to the public. It must also meet minimum liquidity and trading-volume requirements, have been publicly traded for at least 12 months, issue common stock, and meet S&P’s requirements on multiple share classes. Companies added to the S&P 500 command prestige and often see their stock price rise after the announcement. For instance, Marvell Technology (MRVL), which was included in the index on June 22, saw its stock jump about 9% immediately after the announcement. The companies also benefit from index funds buying as part of requirements. As per Barron’s, an estimated 30% or more of the S&P 500 is held by index funds. Apart from BE and LNG, Roberts has reportedly named Astera Labs Inc. (ALAB) and Everpure Inc. (P) as being among the top candidates for admission into the index. Other possible companies that can make the cut include are Credo Technology Group Holdings Ltd. (CRDO), Heico Corp. (HEI), Rocket Companies Inc. (RKT), and Royalty Pharma Inc. (RPRX), Roberts reportedly noted. On Stocktwits, retail sentiment around BE stock improved from ‘neutral’ to ‘bullish’ over 24 hours amid ‘high’ message volumes. One user said, “$BE uhhhhh i think they might get included in s&p,apparently they sre the top runner. 44% chnace of inclusion! WOW!!” Retail sentiment around LNG stock improved from ‘bullish’ to ‘extremely bullish’ at the time of writing amid ‘normal’ message volumes. One user said, “SP500 rebalancing tomorrow and they are going to add $LNG.” BE stock is up more than 138% so far in 2026, while LNG stock has gained about 47% in the same time. For updates and corrections, email newsroom[at]stocktwits[dot]com. Aashika Suresh has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside SoFi's Kraken Deal Grows Its Stablecoin Reach — Analyst Calls It 'Another Positive Development' But Still Sees 13% Downside TSLA Stock Slips Overnight As Safety Regulator Scrutinizes Cybercab — Retail Fumes Over Event Blackout

FuelCell Energy FCEL is slated to release fiscal third-quarter 2026 results on Sept. 2, before market open. The Zacks Consensus Estimate for revenues is pegged at $39.1 million, implying a decrease of 16.3% from the year-ago quarter. The consensus bottom line mark of -$0.32 per share has remained unchanged over the past seven days, suggesting a 66.3% jump from the year-ago reported number. For full fiscal year 2026, the Zacks Consensus Estimate for FCEL’s revenues is pegged at $153.7 million, implying a decline of 2.8% year over year. The consensus mark for fiscal 2026 loss per share stands at $1.58, indicating a surge of 64.2%. FCEL's Earnings Surprise History In the last reported quarter, the company delivered an earnings surprise of -20.5%. FuelCell Energy’s results beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in the other, with the average surprise being 14.4%. FuelCell Energy, Inc. price-eps-surprise | FuelCell Energy, Inc. Quote Q3 Earnings Whispers for FuelCell Energy The proven Zacks model does not conclusively show that FCEL is likely to beat estimates in the fiscal third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Earnings ESP: FuelCell Energy has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at -$0.32 per share each. Zacks Rank: FCEL currently carries a Zacks Rank of 3, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult this earnings season. You can see the complete list of today’s Zacks #1 Rank stocks here. Factors Shaping FCEL’s Upcoming Q3 Results FuelCell Energy’s Product business likely benefited from planned deliveries to customers in South Korea. The company expected six Gyeonggi Green Energy modules to be delivered in the fiscal third quarter, which were projected to generate about $18 million in Korean repowering revenues during the period. This matches the Zacks Consensus Estimate of $18 million for product revenues. The scheduled shipments gave FuelCell Energy better visibility into quarterly sales and may have reduced uncertainty around this part of the business. Broader demand for reliable, on-site power also remained encouraging, with Bloom Energy BE seeing strong data-center demand and Plug Power PLUG expecting a stronger second half of 2026. FuelCell Energy’s ‘Advanced Technologies’ business may have also contributed positively. The consensus mark is $4.95 million compared with $4.72 million reported in the fiscal second quarter. The company delivered two carbon-capture modules to Rotterdam for work with ExxonMobil, moving the project closer to a planned demonstration in late 2026. FuelCell Energy also had $15.4 million of Advanced Technologies backlog at the end of April, with most of it connected to the ExxonMobil program. These projects could have supported steady research and development revenues. Meanwhile, Bloom Energy and Plug Power also reported continued activity across clean-power and hydrogen projects, pointing to healthy interest in alternative-energy technologies. But on a somewhat bearish note, FCEL’s Generation business likely remained under pressure because its 7.4-MW Groton Navy project was not operating and required an equipment upgrade. The company had already said that lower output from Groton reduced generation revenues in the fiscal second quarter. That weakness could have continued into the quarter to be reported if repairs and upgrades took longer than expected. The Zacks Consensus Estimate for generation revenues is $11.31 million, noticeably above the $8.68 million reported in the preceding quarter, so achieving that recovery may be challenging. Service revenues may not have provided much help either, as the next scheduled long-term service agreement module replacement is expected only in the fiscal fourth quarter of 2026. FCEL Price Performance & Stock Valuation Shares of FuelCell Energy have gone up 142.9% in the year-to-date period compared with Bloom Energy’s growth of 142.5%. Meanwhile, Plug Power stock has gained a modest 11.1%. Image Source: Zacks Investment Research From a valuation perspective — in terms of trailing price-to-book ratio — FCEL is trading at a discount compared to the industry average. Image Source: Zacks Investment Research How Should You Play FuelCell Energy Pre-Q3 Earnings? FuelCell Energy heads into its fiscal third-quarter report with a mixed setup. Planned South Korean deliveries, including six Gyeonggi Green Energy modules expected to generate about $18 million in quarterly repowering revenues, could have supported the Product business. Advanced Technologies may also have benefited from continued work with ExxonMobil, backed by $15.4 million of backlog and progress on the Rotterdam carbon-capture project. However, the Generation segment likely remained a weak spot as the 7.4-MW Groton Navy project stayed offline for upgrades, potentially making the $11.31 million consensus revenue target difficult to achieve. With overall revenues expected to decline year over year, an Earnings ESP of 0.00% and shares already up sharply year to date, the near-term risk-reward appears balanced despite FCEL’s discounted valuation and longer-term opportunities in data centers and carbon capture. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report Plug Power, Inc. (PLUG) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bloom Energy (BE) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this developer of fuel cell systems is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Bloom Energy, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $0.68 per share for the current quarter, which represents a year-over-year change of +353.3%. The Zacks Consensus Estimate for Bloom Energy has increased 34.62% over the last 30 days, as three estimates have gone higher compared to no negative revisions. For the full year, the company is expected to earn $2.58 per share, representing a year-over-year change of +239.5%. The revisions trend for the current year also appears quite promising for Bloom Energy, with six estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 34.36%. The promising estimate revisions have helped Bloom Energy earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Investors have been betting on Bloom Energy because of its solid estimate revisions, as evident from the stock's 14.3% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The fuel cell maker's earnings multiple is measured on a trailing year, while the guidance management has raised describes a far bigger business. That mismatch moves the buy decision onto delivery rather than demand. Bloom Energy (BE) has returned about 530% over the trailing twelve months and still trades roughly 31% below its 52-week high. At about $237 a share it changes hands at 278 times trailing earnings, against 23.8 for the S&P 500. Whether that gap is a warning or a lag depends on what the trailing figures measure. The Business Changed Faster Than The Trailing Window Bloom sells solid oxide fuel cell systems for on-site power generation. By its own account it took nearly a decade to become the standard supplier to hospitals, factories and university campuses, and less than a year to become one for AI data centers, where every major U.S. hyperscaler and more than a dozen neoclouds, AI labs, and colocation operators have validated its power solutions. Revenue over the trailing twelve months was $3.1 billion, up from $1.6 billion a year earlier, while the second quarter of 2026 alone brought $1.065 billion, up 166% year over year. A multiple measured across that window is priced against quarters that predate the ramp, which is why the raised full-year 2026 outlook matters more: revenue of $3.9 billion to $4.2 billion, and non-GAAP diluted earnings of $2.55 to $2.85 a share. Where The Twenty-Five Billion Actually Sits Most customers never buy the equipment outright. A financier purchases the energy servers and serves the end customer under the contract Bloom originated. Brookfield anchors that financing shelf: the partnership was formed last fall at $5 billion and expanded fivefold in June to $25 billion. That commitment is available project capital rather than an order book. What the trailing year shows is mixed: the business turns 23.7% of revenue into operating cash flow against 21.8% for the market, while its operating margin of 11.2% still trails the market's 18.4%. Holdings in the Trefis High Quality Portfolio tend to be businesses where growth, strong margins and cash generation already sit together. Lumpy Deliveries And A Withdrawn Cash Flow Guide The company flags the fragile part of its model: large campus deliveries are lumpy, and revenue can look concentrated in one or two customers in any single quarter, a concentration management attributes to delivery timing rather than backlog composition. Alongside the raised revenue and operating income outlooks, free cash flow guidance is no longer part of the presentation, a change the CFO described as aligning it with what the company truly guides, while saying conversion from operating income into cash remains strong. Separately, a securities class action covering stock purchases from February 2025 through July 2026 alleges false or misleading statements by the company and certain of its top executives. And when markets have broken this stock has fallen harder: down 78% in the 2020 pandemic crash against 34% for the S&P 500. The options market prices implied volatility at 98, the 15th percentile of its own trailing one-year range: high by most standards, low by this stock's own. At 278 times trailing earnings the price already pays for deliveries landing on schedule and the cash arriving behind them, making this a delivery question rather than a demand one. A slipped campus quarter with no conversion is where the multiple turns from a lag into a warning, and the same five factors on every stock are where both would show. Buy It Or Fear It, How Much Of It Should You Own? Whichever way the call lands, the bigger question is how much of any single stock belongs in a portfolio at all. A position that has grown large enough to matter is worth sizing deliberately rather than by accident. What a position that size would do to your net worth is exactly what the Trefis Wealth team computes, with the same rules-based systematic discipline that runs our High Quality Portfolio. Request a free vulnerability audit of your biggest positions.

Interested in Brookfield Corporation? Here are five stocks we like better. Brookfield reported strong Q2 growth: Distributable earnings before realizations rose 15% year over year to $1.4 billion, or $0.61 per share. The company raised $98 billion, deployed $100 billion and monetized $40 billion of assets in the first half of 2026. Asset management fundraising reached a record $77 billion, lifting fee-bearing capital 19% to $672 billion. Brookfield also completed its Oaktree integration, expanding its global credit platform and ending the quarter with $210 billion in deployable capital. AI infrastructure, nuclear power and insurance are key growth areas: Brookfield is advancing a planned $100 billion Kentucky AI project, citing opportunities in data centers and energy, while Westinghouse benefits from new nuclear financing. Wealth Solutions earnings rose 23%, and Brookfield targets more than $300 billion in insurance assets by 2030. Why Bloom Energy May Be the Most Important AI Infrastructure Stock Brookfield (NYSE:BN) reported second-quarter distributable earnings before realizations of $1.4 billion, or $0.61 per share, up 15% per share from a year earlier, as growth in asset management and wealth solutions supported results. Total distributable earnings, including realizations, were $1.5 billion, or $0.66 per share, for the quarter. Over the past 12 months, distributable earnings before realizations totaled $5.7 billion, or $2.39 per share. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Beyond the AI Trade: 3 Defensive Stocks Built for Stability Chief Executive Officer Bruce Flatt said the company raised $98 billion of capital, deployed $100 billion and monetized $40 billion of assets during the first half of 2026. It also completed $130 billion of financings across the franchise. Flatt said the company sees a constructive environment despite geopolitical conflict, higher energy prices and uncertainty around interest rates. He pointed to rising demand for assets with low obsolescence risk and said digitalization, decarbonization and deglobalization are expanding investment opportunities in artificial intelligence infrastructure, energy, supply-chain reorganization and data sovereignty. → Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand 3 Stocks to Ride the Manufacturing Sector's Big Comeback Brookfield’s Asset Management business generated distributable earnings of $740 million, or $0.31 per share, during the quarter. The segment raised a record $77 billion of capital, including $17 billion across flagship strategies. The fundraising total included $7 billion for the seventh vintage of Brookfield’s private equity strategy and $9 billion for the sixth vintage of its infrastructure strategy. President Nick Goodman said both funds are on track to become the largest in their respective series. → On Holding's Price Stumble May Be an Opening for a Company Built to Run Fee-bearing capital increased 19% year over year to $672 billion, while fee-related earnings rose 20%. Goodman said Brookfield expects another record fundraising year. In July, Brookfield completed the acquisition of Oaktree, bringing the firms fully together and expanding its global credit platform. Flatt said the combined credit business is now among the most comprehensive globally. The company said its capital base, which includes public-market, institutional, private-wealth, insurance and balance-sheet capital, gives it flexibility to match capital sources with investments across market cycles. Brookfield ended the quarter with $210 billion of deployable capital. Management highlighted AI infrastructure as a major opportunity spanning Brookfield’s real estate, energy, infrastructure and credit operations. Flatt said the company is bringing together power generation, transmission, land entitlement, financing and customer relationships to support AI-related development. Brookfield recently announced a planned $100 billion AI factory project in Kentucky with the U.S. government. Flatt said the U.S. Department of Energy selected Brookfield to repurpose a federally owned industrial site for an AI campus, with the site requiring relatively few additional approvals because of its existing Department of Energy uses. Goodman said Brookfield expects much of its AI-related activity to be funded through its client funds, co-investments from large institutions and listed affiliates rather than relying primarily on corporate balance-sheet capital. He added that stabilized data-center assets could be recycled to long-duration institutional owners, helping fund further development. Brookfield also cited Westinghouse as a beneficiary of demand for energy security and nuclear generation. Flatt said the U.S. Department of Energy made a further $17.5 billion financing commitment, alongside utility partners, to acquire long-lead items for reactor construction. Westinghouse has 14 reactors in various stages of construction, line of sight on another 40, and an additional 100 potential projects, according to Flatt. Wealth Solutions generated distributable earnings of $480 million, or $0.20 per share, up 23% from the prior-year quarter. The business originated $5 billion of annuity sales, while insurance assets rose to more than $190 billion, aided by the acquisition of U.K.-based Just Group, which added $45 billion of insurance assets. Chief Executive Officer of Wealth Solutions Sachin Shah said Just Group contributed approximately $29 million of earnings during Brookfield’s first full quarter of ownership, representing an initial return on equity of about 12%. Shah said Brookfield has exited Just’s early-stage direct-to-consumer initiative and is simplifying the business around pension risk transfer and retail annuities. He said Just’s cost structure is two to three times that of some competitors and identified cost reductions and portfolio repositioning as key levers for improving returns. Brookfield expects its investment origination capabilities in real estate, infrastructure and energy to support higher investment yields for Just’s long-duration pension liabilities. Shah said there is at least 50 basis points of potential spread improvement through cost reductions, with a longer-term path toward a spread closer to 200 basis points. The company’s North American insurance operations deployed $5 billion into real-asset investments during the quarter, producing an average net investment income yield of 5.7%. Its property-and-casualty business recorded a 99% combined ratio, while the overall gross spread was 2.2%. Shah said Brookfield sees a path to more than $300 billion of insurance assets by the end of the decade. He also said new bank distribution channels contributed about $200 million of annuity sales in the quarter, and that the company sees potential to add $10 billion to $12 billion of annual sales through bank channels over the next several years. Brookfield’s operating businesses generated $361 million of distributable earnings, or $0.15 per share. Its super-core and core-plus real estate portfolios ended the quarter with occupancy above 95%. In retail, nearly 1 million square feet of leases commenced at rents 12% above expiring levels. In office, Brookfield signed 4.5 million square feet of leases globally at average net rents 19% above expiring rents. The company completed several asset sales during the first half, including the initial public offering of Csquare, its U.S. colocation data-center platform, generating about $1.2 billion of proceeds. Brookfield retained a 64% stake. It also sold One Churchill Place in Canary Wharf for £750 million and completed the $650 million sale of construction business Multiplex. Brookfield realized $121 million of net carried interest during the quarter and ended the period with $12.5 billion of accumulated unrealized carried interest. Goodman said the company expects carry realization to build over time as earlier-vintage infrastructure and Oaktree funds return capital and clear preferred-return thresholds. The company returned $270 million to shareholders through dividends and share repurchases during the quarter. Year to date, it repurchased approximately $580 million of shares at an average price of $42 per share. The board declared a quarterly dividend of $0.07 per share, payable at the end of September to shareholders of record on Sept. 14, 2026. Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets. Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Brookfield Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Though the earnings cycle is winding down, Palantir PLTR, General Motors GM, and Bloom Energy BE have been nice standouts so far in the Q2 earnings season, all raising guidance. Guidance upgrades are generally one of the most bullish things to watch for in earnings season, as renewed outlooks can often lead to positive EPS revisions, one of the strongest drivers of a stock’s near-term movement. General Motors Earnings General Motors posted a double-beat relative to our consensus expectations, with adjusted EPS of $3.57 reflecting a positive surprise of 14%. Sales of $48.0 billion came in 3% above our consensus sales estimate. The company raised its full-year 2026 EBIT adjusted guidance for the second time this year, with adjusted EPS guidance also getting raised. EPS revisions for its current fiscal year got a boost from the lifted outlook, with the trend overall remaining positive for the entire last year. The profitability picture of automotive players is always a key driver behind sentiment, and the updated guidance across key profitability metrics remains a huge positive for GM’s share momentum overall. Palantir Earnings Palantir’s overall revenue surged by 93% YoY to $1.94 billion, yet again reflecting another acceleration relative to recent periods. Huge top-line growth has been led by rock-solid demand, with Palantir closing $3.4 billion of total contract value throughout the period, jumping 49% YoY. The company lifted its guidance across many metrics, now expecting FY26 revenue in a band of $8.150 - $8.158 billion, reflective of 82% YoY growth. U.S. commercial demand is also expected to remain red-hot, with PLTR upping the guidance to reflect 134% YoY growth. The stock is a Zacks Rank #2 (Buy). Bloom Energy Earnings Bloom Energy delivered rock-solid results in its earnings release, easily beating our consensus expectations. The company posted record quarterly revenue of $1.07 billion, growing 166% year-over-year while also significantly raising its full-year 2026 outlook. The growth surge was driven by soaring demand for its solid-oxide fuel cell systems thanks to major U.S. hyperscalers and AI data center operators seeking reliable on-site power. Bloom Energy now expects full-year revenue in a range of $3.9 - $4.2 billion, with positive revisions also flowing in for its next fiscal year following the release. The stock sports a Zacks Rank #1 (Strong Buy), with EPS revisions also remaining on a bullish trajectory across the board. Bottom Line Guidance upgrades are always a bullish development to watch for in earnings releases, commonly leading to positive post-earnings share reactions. While it isn’t a guarantee that a stock will pop just because it raised its outlook, it remains a favorable fundamental factor. Companies raising guidance, particularly on the earnings front, always deserve some level of attention from investors. All three stocks above – Palantir PLTR, General Motors GM, and Bloom Energy BE – have recently upped their outlooks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in OR Royalties Inc.? Here are five stocks we like better. Strong second-quarter performance: Revenue and operating cash flow both rose 62% year over year to $97.8 million and $83.2 million, respectively, while adjusted earnings increased 78% to $60.5 million. First-half deliveries reached 43,497 GEOs, and full-year guidance of 80,000–90,000 GEOs was maintained. Canadian Malartic disruption creates near-term pressure: A rock-wall movement is expected to make roughly 370,000 ounces inaccessible over the next three years, potentially reducing OR Royalties’ GEOs by about 3,500 in 2026 and up to 7,500 annually in 2027–2028. Management said 2026 guidance and the longer-term outlook remain intact, with mining expected to resume in the fourth quarter. Expansion and shareholder returns continue: OR Royalties completed $335 million of acquisitions, added new royalty and streaming investments, raised its credit facility to $850 million, increased its quarterly dividend 18.2% to $0.065 per share, and continued share repurchases. Why Bloom Energy May Be the Most Important AI Infrastructure Stock OR Royalties (NYSE:OR) reported second-quarter revenue of $97.8 million and operating cash flow of $83.2 million, with both measures rising 62% from a year earlier as realized gold and silver prices increased and gold-equivalent-ounce deliveries grew 5%. President and CEO Jason Attew said the company delivered 43,497 gold equivalent ounces, or GEOs, during the first half of 2026, up 12% from the first half of 2025. The company maintained its full-year guidance for 80,000 to 90,000 GEOs and said its 2030 outlook of 120,000 to 135,000 GEOs remains unchanged. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling MarketBeat Week in Review – 07/20- 07/24 Chief Financial Officer and VP of Finance Fréd Ruel said second-quarter revenue increased from $60.4 million in the prior-year period, supported by realized prices of $4,504 per ounce of gold and $70 per ounce of silver. Cash margin totaled $94.7 million, or 96.8% of revenue, compared with $57.8 million, or 95.8% of revenue, a year earlier. Royalties contributed $62.8 million of revenue during the quarter, while streams contributed $35 million. Net earnings were $61.4 million, or $0.33 per basic share, compared with $0.17 per share a year earlier. Adjusted earnings totaled $60.5 million, or $0.32 per share, up 78% year over year. Operating cash flow was $83.2 million, or $0.44 per share, compared with $0.27 per share in the prior-year quarter. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Oracle Is One Step From Junk—Can It Afford the AI Boom? Attew said the company converted $0.968 of every revenue dollar into cash margin during the quarter. Management addressed the July 1 rock mass movement along the north wall of the Barnat open pit at Canadian Malartic. Attew said no one was injured and that Agnico Eagle’s monitoring systems had tracked the wall movement, while mining in the affected area had already been suspended as a precaution. → No Hangover: Revisiting Microsoft One Week After Earnings According to Attew, about 1 million tons of moved material will remain in place. Agnico is expected to spend the third quarter building safety berms and access roads, with mining in the affected area anticipated to resume during the fourth quarter. Attew said approximately 370,000 ounces of gold are now considered inaccessible over the next three years, including 60,000 to 80,000 ounces in the second half of 2026 and up to roughly 150,000 ounces in each of 2027 and 2028. Applying OR Royalties’ 5% interest to those figures implies approximately 3,500 fewer GEOs in 2026 and up to roughly 7,500 fewer GEOs in each of 2027 and 2028, before any mitigation or recovery work by Agnico. Despite the near-term impact, Attew said the company’s 2026 guidance remains intact and the longer-term outlook is unaffected because Barnat was already expected to be mined out by 2028 or 2029. He said Odyssey, which is expected to be the future of Canadian Malartic, set a quarterly production record of 28,800 ounces. The first phase of shaft No. 1 sinking was completed in July at a depth of 1,586 meters, and first shaft production remains scheduled for the second quarter of 2027. Attew also noted that Canadian Malartic experienced a six-day mill shutdown during the second quarter following a fatal accident in April. He expressed condolences to those affected and said the company supported Agnico’s emphasis on worker safety. OR Royalties said the second half of 2026 is expected to be modestly lighter than the first half. In addition to the Barnat disruption, concentrate transportation logistics at CSA deferred some silver and copper GEOs into the second half, while Mantos Blancos delivered fewer GEOs than in the first quarter because silver grades were weighted toward the beginning of the year. Management expects ramp-ups at Namdini, San Gabriel, Dalgaranga, CB and CSA to partly offset the impact. OR Royalties received its first royalty payment from Dalgaranga during the quarter, while the company said its increased 2% royalty at Namdini is becoming a more significant contributor as the operation ramps up. The company currently has 23 producing assets and expects Cabral Gold’s Cuiú project in Brazil to become its 24th producing asset, with commissioning still scheduled for the fourth quarter. Attew said the company expects updates later this year from Harmony, including fiscal 2027 guidance and an updated mineral resource estimate and life-of-mine plan. He also highlighted expected first gold at Amulsar in September. OR Royalties’ stream there is expected to begin accruing from first production, although first payments are currently expected in 2028 and depend largely on commodity prices and the pace at which operator United Gold repays its loan. The company closed the Gold Fields royalty portfolio and Spring Valley acquisitions during the quarter, totaling $335 million and largely funded through its revolving credit facility. OR Royalties ended June with $75.6 million of cash and $215 million drawn on its credit facility, for net debt of $139 million. The company repaid $18 million on the facility during the quarter. Subsequent to quarter-end, OR Royalties closed a $28 million Murray Brook precious-metals stream with Canadian Copper, along with a $4 million equity subscription. It also expects to close a $15 million extension of its royalty coverage at Chile’s Costa Fuego project to include the La Verde discovery. The board increased the quarterly dividend by 18.2% to $0.065 per share in May. A further $0.065-per-share dividend was declared and is payable Oct. 15. The company repurchased more than 225,000 shares for $8 million during the second quarter and about 1 million additional shares for $29.1 million in July. Earlier this week, OR Royalties increased its revolving credit facility to $850 million from $650 million, increased its accordion feature to $350 million from $200 million, and extended the facility’s maturity to August 2030 from May 2029. Management said it will continue to prioritize accretive royalty and stream opportunities, while considering debt repayment and opportunistic share repurchases if no suitable acquisitions are completed. OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes. The company's core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "OR Royalties Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Interested in Realty Income Corporation? Here are five stocks we like better. Realty Income raised its 2026 outlook after second-quarter AFFO per share increased 3.8% to $1.09. Full-year AFFO guidance is now $4.44–$4.45 per share, while the investment-volume target rose to $10 billion. Investment activity reached approximately $2.6 billion globally in the quarter, led by industrial properties, which represented about 65% of global real estate investments. The company also expanded its European, private-capital and data-center platforms. The balance sheet remained within target leverage levels, with pro forma liquidity exceeding $5.7 billion after financing actions. Portfolio occupancy was 98.8%, and rent recapture remained strong at 102.7% overall and 105.8% for industrial leasing. 3 Healthcare Stocks With Fresh Dividend Hikes and Different Income Profiles Realty Income (NYSE:O) raised its full-year 2026 outlook after reporting second-quarter adjusted funds from operations, or AFFO, per share growth of 3.8% to $1.09, supported by investment activity across industrial properties, Europe, private-capital vehicles and data centers. Year-to-date AFFO per share reached $2.22, up 5.2% from the same period of 2025. Chief Executive Officer Sumit Roy said the company increased the midpoint of its full-year AFFO guidance by $0.02, setting a new range of $4.44 to $4.45 per share. The midpoint implies approximately 4% annual growth. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Why Bloom Energy May Be the Most Important AI Infrastructure Stock The company also lifted its 2026 investment-volume target to $10 billion from $9.5 billion, citing a robust investment pipeline. Realty Income expects approximately $9 billion of that amount to be invested at its share. Realty Income reported approximately $2.6 billion of global investments during the second quarter, or $2.1 billion at its pro-rata share, at an initial weighted average cash yield of 7.3%. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus U.S. investments accounted for roughly $1.7 billion at Realty Income's share and carried a 7.4% weighted average cash yield. Industrial assets represented about $800 million of U.S. activity and approximately 65% of global real estate investments for the quarter. Roy said industrial acquisitions were supported by improving market fundamentals and contractual rent escalators generally ranging from 2% to 3.5% annually. Nearly half of industrial acquisition net operating income came from investment-grade clients, he said. → No Hangover: Revisiting Microsoft One Week After Earnings The company invested about $400 million in Europe at a weighted average yield of 7%. Neil Abraham, chief strategy officer and president of Realty Income International, said the European pipeline includes grocery, do-it-yourself retail, industrial logistics, onshoring and advanced-manufacturing opportunities. Abraham said the company remains constructive on Europe, despite geopolitical uncertainty earlier in the year. He also said cap-rate pressure in the United Kingdom and much of Europe has generally been downward due to institutional capital inflows, with Germany an exception. Realty Income's U.S. Core Plus Fund acquired approximately $673 million of assets globally during the quarter, with industrial accounting for more than half of the volume and retail comprising the remainder. The fund's remaining cornerstone commitments were fully deployed, bringing total gross asset value to approximately $3 billion. Assets acquired by the fund in the second quarter generated a 6% weighted average cash yield. Roy said the fund enables Realty Income to pursue lower-initial-yield assets that may not be accretive on the company's balance sheet while generating management-fee income and day-one accretion for shareholders. Chief Financial Officer Jonathan Pong said management-fee income totaled approximately $3.2 million in the quarter, largely from the Core Plus Fund and a separate insurance joint venture. He said Realty Income expects roughly $10 million of management fees from the fund and another $2 million to $3 million from the insurance venture during 2026. On June 30, Realty Income announced a $6 billion programmatic hyperscale data center joint venture with Cloud Capital. Realty Income expects to invest up to $1.4 billion over time for a 45% equity interest in the venture, which includes three Northern Virginia data center properties representing less than 400 megawatts of capacity. Roy said Realty Income had closed on the first stabilized property and expects to acquire interests in two development assets when they stabilize. The company sees demand for data center capacity continuing to exceed available supply in major markets, driven by artificial intelligence, cloud computing and broader digitization. Chief Investment Officer Mark Hagan said Realty Income intends to diversify its data center tenant exposure and focus on investment-grade hyperscale and enterprise users. He said the company could invest in European data center markets and may participate at different stages of development, including through credit investments. Realty Income ended the quarter with approximately $3.5 billion of available liquidity on a pro-rata basis. Net debt to annualized pro forma adjusted EBITDA was 5.4 times, or 5.2 times including unsettled at-the-market equity forwards, within the company's target range. After quarter-end financing actions, Pong said pro forma liquidity rose above $5.7 billion. Those actions included expanding global revolving credit facilities to $5.5 billion, increasing the commercial paper program to $5.5 billion, issuing a €600 million bond at a 3.7% yield, and raising another $90 million of forward equity. Year to date, the company issued $3 billion of debt at a blended effective coupon of 3.9%, compared with $1.4 billion of maturities at a 4% blended coupon. Fitch also initiated coverage of Realty Income with an A long-term issuer default rating, Pong said. Portfolio occupancy was 98.8% at quarter-end. Realty Income re-leased 482 units at a blended rent recapture rate of 102.7%, including renewals at 104.6%. Industrial leasing generated a 105.8% recapture rate, while international recapture reached 112.9%. The company completed $161 million in dispositions during the quarter. Roy said the capital-recycling strategy is intended to reallocate capital toward property types, geographies and opportunities with stronger organic-growth prospects, pricing power and long-term value potential. Investment-grade client exposure rose to 34% of annualized rent from 32% in the prior quarter. Realty Income maintained its full-year credit-loss outlook at about 40 basis points of rental revenue and did not change its forecast for lease-termination income of $45 million to $50 million. Pong said the higher AFFO outlook reflected stronger investment volumes and yields, modest credit losses, capital-markets execution and improved visibility into deal timing. Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT. Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Realty Income Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

In this episode of Motley Fool Hidden Gems Investing, Motley Fool contributors Travis Hoium, Lou Whiteman, and Rachel Warren discuss: SoFi’s results. Is SoFi just a bank? Visa’s strong growth. P&G Iis fine? Bloom Energy growth. The AI trade. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. When you're ready to invest, check out this top 10 list of stocks to buy. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » A full transcript is below. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,345,502!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 7, 2026. This podcast was recorded on July 29, 2026. Travis Hoium: Earning season is in full swing, and Motley Fool Hidden Gems Investing starts now. Welcome to Motley Fool Hidden Gems Investing. I'm Travis Hoium, joined today by Lou Whiteman and Rachel Warren, and guys, we've got earnings on the mind today. We're going to get four different earnings reports, at least touch on them. Lou, the first one that I wanted to get your thoughts on is one that I'm sure a lot of Fools have in their portfolio, or at least their watch list. That is SoFi, the numbers looked pretty impressive. Total revenue was up 43%. Net income was up 61%, and yet, the stock is down almost 10% today. I think the stock is acting rationally. Again, I know I get a lot of hate for this, but you just don't like growth, Lou. Let's be honest. Lou Whiteman: I like growth. It's just the question of what you're paying for growth. One thing we learned from that short report, and I think it's important. The short report was mostly just nonsense, but one thing that I think it did highlight is SoFi loves to use mark-to-market and other adjustments to create non-GAAP earnings. That's fine. They disclose it. Again, the short report was overstated. But it makes apples-to-apples comparisons to other banks very deceptive, and I think it flatters SoFi in a lot of ways. On a GAAP basis, SoFi is trading at 40 times earnings. The average bank trades at 10-15 times earnings. I can find you really good ones right now where the dividend yield is at 4% or so, and they're on the lower end of that 10%-15%. The question is, yes, SoFi is growing faster than these banks, and I think they can justify a premium valuation based on that growth. But I don't think the market is wrong in saying, I ain't 40 times earnings, which, you know, and we can go deeper into it if you want. But I think for all SoFi tries to say it is, SoFi is a bank, and it should be judged as a bank. It's a fast-growing bank. Give it a premium, but I do think the valuation is still, I catch. Travis Hoium: Is that the criticism of the quarter and the stock right now still? Maybe this is a more attractive bank than other banks because it is growing more quickly. I still don't want to pay this price. And at what price do you think it becomes more intriguing? Lou Whiteman: My criticism is, why now, guys? We've known this for a while. I don't know why, maybe that there was hope that we were going to see different in the new quarter, but I mean, they are what they are. The fintech business, it's not nothing, but there are dozens of software vendors that'll give you banking as a service. Inevitably, these faux banks come and go left and right. There isn't really any differentiators. That software business always seemed a little suspect to me. If you want a great fintech bank story, buy Live Oak. Don't buy SoFi. SoFi is a retail bank, and at some point, we should value it like one. Travis Hoium: Rachel, do you see this quarter similarly, or do you look at these? Not only did they grow members, but they actually grew products faster than members, which tells you that their uptake on those products is a little bit higher. Getting more people in the ecosystem and getting them to use SoFi more. Rachel Warren: Yeah, I have a few thoughts on this. And I don't necessarily think you can value SoFi the same way you would legacy banks. But I do think there's a few very practical reasons why we've seen some of the pressure on the stock. I mean, going back to the quarter, they added over 1 million new members in the quarter alone. Their base is just shy of 16 million people on that banking side. Management raised SoFi is full-year revenue outlook, so that core machine seems to be resilient. Now, it was interesting. I think one of the things investors didn't like was, of course, the tech platform segment that dropped 23% in terms of revenue. That was largely because we saw a major enterprise client that had left the platform at the end of last year, so we've been seeing the impact since then. Full-year profit and earnings per share guidance remained the same. I think we're in a market where a lot of investors are hoping for not only a beat but a raise. The risk that I would be watching here is SoFi is leaning heavily into capital-intensive lending to fuel its growth story. We saw total loan originations hit a record $14.8 billion that included about $10.7 billion in personal loans. Their CEO is insisting that the borrowers are remaining resilient. Personal loan charge-offs and credit delinquency trends are creeping upward across the industry, however. The reason this matters is SoFi keeps these high-yield loans on its own balance sheet rather than instantly offloading them. If we see a macro downturn, which I'm not saying we will, but it's something to watch for, or even a spike in consumer defaults, that will hit the balance sheet. And we also saw that, you know, tech platform-enabled accounts actually dropped about 16% year over year. They have seen a bit of an impact from the loss of that major enterprise client. Fundamentally, I think this is a good business. I think it's a solid one, and I don't think there's anything wrong that is leading to the pressure on the stock. I think a lot of this is just the machinations of the market. I do think that these are elements to watch, though, if you own SoFi or even are thinking about buying shares. Travis Hoium: Lou, we have a name for companies that make loans and keep them on their balance sheet. You know what that is? I know where you're going at this, Lou. Lou Whiteman: It's a bank. Travis Hoium: Yeah. Let's talk about the products, because maybe I'm showing my ignorance here, but I was really surprised by one stat in there that they said the products per member reached 1.54, which is an all-time high. Now, I've been involved with banks for 30 years, and most banks don't break down the numbers. But if you hire a bank consultant to what they come in, the first thing they're trying to do is to get that number to two or three per member, or customer. Lou Whiteman: That's why they get you to open a checking account and a savings account. Travis Hoium: Right,1.54, maybe it just spread. I think it speaks to how much a SoFi is just paper-thin marketing, because that implies that a ton of their customers, relative to a community bank, only have one product. I don't know if that's the flex things is one stat we can use. JPMorgan says that 30% of their retail customers have two or more products. Again, that's not an apples-to-apples. Like I said, most banks don't list that, and it's kind of a weird thing to list, but I'm surprised they're flexing that number because I think there's community banks that I can walk to from my house that would really laugh at that number. It's funny you mentioned that because that is one of the metrics that I do watch with SoFi. But I have also opened accounts at all of these things. If you open, for example, we have a Wells Fargo account. They will charge you a credit, have a checking account unless you also have a savings account ,and you deposit, I think, it's $25 a month into that savings account automatically from the checking account that you also created. Lou Whiteman: Yeah, I don't want to be too hard on them. They are a good bank, but I do think as investors, and maybe a lot of investors don't look at banks, and so far it has kind of attracted the eye of growth investors just because of the story and where they're based and who runs them. I think there is a lesson here that maybe I am being too hard, but maybe also the market is being too generous. It is really, really hard for a bank to be anything other than a bank, and at some point, there is regression to the mean. I think investors, they both things can be true. It can be a very well-run company with growth that exceeds national averages and still overvalued based relative to the opportunity. Travis Hoium: Well, we will be keeping an eye on SoFi, and I'm sure Lou and I will keep arguing about the future of the company. We'll see who's right over the next 5 or 10 years. Listen on to this show. When we come back, we're going to check in on the health of the consumer. You're listening to a Motley Fool Hidden Gems Investing. ADVERTISEMENT: Abercrombie knows Denim better than anyone. Their Relax Jean was made for everyday plans, while their baggy jean comes through for the days. You need something different. Plus, they've got their original classic fits and athletic fits for guys who want a little more room in the fight and seat. Shop Abercrombie Denim and more in the app, online, and in stores. Travis Hoium: Welcome back to Motley Fool Hidden Gems Investing. Let's turn our attention to direct consumer spending. There's a number of different companies who are giving us an indication of how healthy the consumer is. Rachel, one that caught your eye was Procter & Gamble. Maybe not the most exciting company, but it's at least people telling us how much people are buying diapers and things, the necessities of life. Rachel Warren: Right. This is the company that's known for those household name products like Tide, Pampers, the list goes on. It does provide an interesting insight into how consumers are behaving. This is, I will note, not a company that is typically high growth even in the best of macroeconomic times. The margins are slim, a normal year of growth or a quarter, you might see 2% year-over-year gains. But Procter & Gamble actually missed Wall Street's revenue expectations by about 180 million for the quarter. They pulled in about 21 billion in this recent quarter. Volume was flat year over year. Operating margins were actually down. They actually saw profits decline by about 15%. Why does this matter? Their operating margins were compressed because you're seeing companies like this have to spend significantly on marketing to try to protect their share, and consumer staples operate on very thin incremental margins. Any drop in volume hits profits quickly. But I think what this tells us about the broader consumer is that a lot of average households are really reaching their financial limits. We're not seeing a dramatic economic crash where people stop shopping, but we are seeing very tactical retreats and approaches to how consumers are putting their money to work. They're looking at these legacy companies that put these household name brands forward, and they're not willing to absorb the higher costs. Companies like Procter & Gamble have implemented over the last few years. They're stretching out their existing household supplies. They're maybe switching to cheaper store brands. They're buying smaller packages. When you're a company like Procter & Gamble, they've certainly, you know, lasted through their fair share of market ups and downs, but it can really come in hard on the margins. I think, if anything, this yields continued ground to the likes of Walmart and Costco, who not only control the physical store shelves, but also have their own private label brands and really robust e-commerce presence as well. Lou Whiteman: I think Rachel's right. It is the store brands, and I don't know if this says anything about the consumer right now. That's a trend that was going well before this current. This is a denies a 15%-20% a year. I think it just speaks to, and we've seen this with Kraft Heinz. We've seen this with so many. I don't think P&G it's just a terrible place to be right now. Consumers have realized the store. I remember in the ‘80s one joked about it. Well, it's the same product. It's just a different label. That was kind of novel back then. Now it's table stakes. That vast middle, that big consumer brand with a logo has really suffered. Again, I am reluctant to read anything into the health of the consumer. I think what the consumer right now has showed us is they will pay up for select things, like maybe on shoes or something like that. But for most everyday purchases, the fact that it's tied and not Costco brand just doesn't matter. I think that's what we're seeing. We can talk about Visa, too [OVERLAPPING]. Travis Hoium: Well, I wanted to point out the store brand thing, I think is really interesting because that was one of the things when I started at 3M's biggest manufacturing plant in 2005. The interesting thing there was you would have Scotch tape rolling off the line, and then 5 minutes later, there would be Walmart tape rolling off the line. It was literally the exact same equipment. They make it a little bit worse, so it is not quite the same product. You want to have that other product be a little bit higher quality. There is a little bit of a premium there. But it's not like it doesn't hold a piece of paper on the wall. It's not like the diapers are going to be complete garbage. That is something that we've seen for a very long time is that those big companies, the Walmarts, the Costcos, the Targets of the world, have the power to say, Hey, you know what, if you want to be in our store, we want to have our label on. What do you think about Visa though, Lou? Lou Whiteman: This is another way to look at the consumer, and it's a much healthier look, which is maybe why I'm not sure how to read P&G, but Visa reported 10% U.S. volume growth in payments. That's the fastest growth rate since fiscal 2019. Transaction counts were up to about, say, 10%. This isn't just an inflation story or something like that. There is actual transactions happening. Visa also and Travis, is something we've talked about a lot, but the K-shaped economy. Visa said spending is not isolated to high earners. This is strength across the board. Just last week, the economists over at Bank of America said they believe the K-shaped trade may be reversing in a good way, more spending power across the board with kind of the lower end of that K kind of picking up. I mean, I don't think we know that yet, but Visa's results sort of back up that idea. Now, look, there was more I mean, I think the World Cup factored in here. There's international experiences, which it's kind of the upper end of [inaudible]. I'm not saying that it is all just perfect and fine. But the quarter was fine. They're forecasting basically status quo for the rest of the year. I continue to think both Visa and Mastercard are undervalued right now because of the disruption potential. I like Mastercard better, but I think that, look, status quo is really good here, and this was at worst a status quo quarter. Travis Hoium: Things seem to be OK for the consumer right now, and maybe that's OK for the market right now. When we come back, we're going to talk about an energy company that just grew revenue of 166%. You're listening to Motley Fool Hidden Gems Investing. ADVERTISEMENT: This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales, using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result, less time spent on operations, more time connecting brands with the moments and fandoms that matter most. Learn more at accenture.com/Spotify-UK. ADVERTISEMENT: The Meal Deal plus at McDonald's, bag yourself a mayo chicken or cheese burger with medium fries and select a drink on one of five bonus sides like four McNuggets or a mini McFlurry, all for 559. Now that saves a satisfaction. From 11:00 A.M. Not on delivery. Includes a selected saving menu bega, medium fries, selected drink, and a selected bonus side. Price and participation may vary. Travis Hoium: Welcome back to Motley Fool Hidden Gems Investing. Bloom Energy reported earnings last night. Rachel, this is one of the more interesting stocks out there right now. This stock has been absolutely on fire over the past year or two, because this is one of the few companies that can put energy into a data center at a relatively rapid clip. Revenue was up 166%. What do we need to know about the quarter? Rachel Warren: It was a great quarter for Bloom Energy. Their adjusted earnings per share also were double what Wall Street was guiding for. They raised the revenue outlook as well, looking ahead to the rest of the year. Obviously, as you noted, the stocks down from its recent peak. I think that this is one of those businesses that is very vulnerable to having volatility based on unrealistic hype cycles. This is a company that's executing well. Worth noting, just about every major AI hyperscaler has now approved their fuel cells to bypass utility grid bottlenecks. But I do think there is a question of when there might be periods where the AI power trade could run out of gas, where we could see the stock vulnerable to sector profit-taking. I think that might be something we're seeing right now. I mean, there's this question of when we're going to see this transition from buying a catchy AI narrative to really looking at the capital-heavy reality of physical infrastructure. Fuel cells are a physical manufacturing business. Generating energy requires real factories, massive upfront capital, very complex installation timelines. Now, Bloom's profit margins improved this quarter. Scaling up production to meet the demand that they're facing is a very expensive endeavor. It will limit their short-term cash flows. Now, I don't think that we need to worry that Bloom's business is broken just because they're down since their summer highs, but I do think that we might be coming towards a point where the market could force some of these AI infrastructure companies to justify their valuations with some real-world unit economics. That could be some of it. Travis Hoium: Lou, it does seem to be kind of a theme where a lot of these pick-and-shovel plays coming back a little bit, because investors are starting to go, Wait a second, how sustainable are these growth rates and margins that we see today? Lou Whiteman: Let's get that in a second because I think that's exactly right. But yeah, stocks down is 50% from its high, still up 400% over the past year. It's still a double in 2026, even if it is 50% since June, and it still trades at 75 times forward earnings for an industrial company is pretty amazing. Quarter is fine, Rachel's right. Given the AI power demand, anything short of fine would have been a real negative WOW factor, but they held SRV, and that's great. Remaining performance obligations, RPO, that was flat. Remember, Wall Street tends to pay for growth from here, not growth that has occurred. I think that is the easiest way to explain is coming back to Earth, kind of letting some of the air out of tires. It's great. If they can sustain at this level, and I think they probably can, given the demand, that's a fine company, but it doesn't make you a gross stock. Picks and shovels, I think it's really interesting because picks and shovels, it's so clever and everyone loves to look smart with picks and shovels trades, but they are imperfect trades. They are a trade you do because the underlying asset is overvalued. You know, why if you want to invest in hyperscalers but the hyperscalers are overvalued, how about investing in their suppliers? It is just a secondary way to play a trend. Right now, you can get the hyperscalers at much more attractive valuations than the vendors serving them. Why focus on the vendors? I think the market kind of looking away from somebody's picks and shovels. I think it's just over for now. Travis Hoium: It'll be interesting to see where that story goes because you're right, that has been a theme, but when a theme needs to become a fundamental reality, eventually for the market, fundamentals eventually drive stock market performance, and Bloom is doing extremely well, but the ROI that we see today may not be sustainable long term. As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. All personal finance content follows The Motley Fool's editorial standards and is not approved by advertisers. Advertisements are sponsored content and provided for informational purposes only. To see our full advertising disclosure, please check out our show notes. For Lou Whiteman, Rachel Warren, and Dan Boyd behind the glass, I'm Travis Hoium. We'll see you here tomorrow. Wells Fargo is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Lou Whiteman has positions in Live Oak Bancshares and Walmart. Rachel Warren has no position in any of the stocks mentioned. Travis Hoium has positions in SoFi Technologies. The Motley Fool has positions in and recommends Bloom Energy, Costco Wholesale, JPMorgan Chase, Live Oak Bancshares, Mastercard, Target, Visa, and Walmart. The Motley Fool recommends 3M and Kraft Heinz. The Motley Fool has a disclosure policy. SoFi and Visa Earnings Point to Consumer Confidence was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record quarterly fundraising of $77 billion, driven by flagship strategies and a $40 billion insurance mandate that expanded managed insurance capital by over one-third. Management attributes outperformance to a strategic focus on real assets and essential services, which provide inflation protection and cash generation during periods of market volatility. The AI infrastructure strategy is positioned as a physical infrastructure play rather than a technology bet, focusing on the critical backbone of energy, data centers, and compute. Strategic partnerships with hyperscalers and sovereign governments are scaling rapidly, exemplified by expanding the Bloom Energy power solution framework fivefold to $25 billion in nine months. The full integration of Oaktree is expected to enhance sourcing and underwriting capabilities while delivering a broader suite of credit solutions to global investors. Management highlighted limited exposure to high-pressure sectors like software and sponsor-led direct lending, while maintaining outsized exposure to high-demand infrastructure areas. 2026 is projected to be a record year for fundraising and earnings, with momentum balanced across flagships, complementary equity, debt, and insurance channels. The AI infrastructure fund is targeting $10 billion to anchor a broader $100 billion investment program, utilizing co-investment and asset-level financing to pursue large-scale opportunities. Management expects to begin realizing carried interest earlier than previously forecasted due to significant investment outperformance since the 2022 spin-off. Flagship fundraising cycles are being pulled forward, with real estate and credit flagships expected to launch in 2027, followed by energy transition in 2028. The partnership with AllianceBernstein targets the 401(k) market as a major long-term growth vertical, with private market real asset products expected to begin distribution in 2027. The completion of the Oaktree acquisition will result in a lower consolidated margin starting next quarter due to business mix; additionally, the company will transition to a new partner manager reporting presentation to provide greater transparency. Management addressed digital infrastructure overcapacity risks by emphasizing a disciplined 'no-spec' approach, building only against long-term take-or-pay contracts with high-credit counterparties. Opportunistic share repurchases totaled $575 million year-to-date, reflecting management's view that shares remain meaningfully undervalued despite public market volatility. The Paducah American Energy Hub project illustrates a 'Bring Your Own Power' strategy to bypass grid constraints by repurposing industrial land for 2 gigawatts of compute capacity. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects to far exceed previous high watermarks, with fundraising roughly equal across flagships, complementary strategies, debt, and insurance. The diversity of these four channels provides confidence in landing in record territory regardless of unforeseen market changes. Brookfield differentiates itself through its energy business, noting that the U.S. needs 100 gigawatts for AI but the grid can only provide 30 gigawatts. The strategy focuses on the full value chain, with power and compute expected to account for 60% of capital deployment over the next decade. The Oaktree acquisition strengthens the case for U.S. index inclusion, bringing U.S. employee headcount above the 60% threshold. Management plans to provide an updated submission to S&P shortly, citing the evolution of the business as a U.S.-centric entity. While 2027 fundraising may not match the 2026 record, the core growth trajectory is expected to remain in line with long-term targets of 15-20%. Upside to these targets could come from public market vehicle outperformance and accelerated carried interest realizations.

Earnings season has continued to chug along, with many S&P 500 companies delivering their quarterly results so far. It’s been another positive reporting cycle, with a nice chunk of companies delivering outsized growth and many speaking favorably about their upcoming periods. There have been several standouts in the cycle so far, including Microsoft MSFT, Bloom Energy BE, and EMCOR Group EME. Bloom Energy delivered rock-solid results in its earnings release, easily beating our consensus expectations. The company posted record quarterly revenue of $1.07 billion, growing 166% year-over-year while also significantly raising its full-year 2026 outlook The growth surge was driven by soaring demand for its solid-oxide fuel cell systems thanks to major U.S. hyperscalers and AI data center operators seeking reliable on-site power. Bloom Energy now expects full-year revenue in a range of $3.9 - $4.2 billion, with positive revisions also flowing in for its next fiscal year following the release. The stock sports a Zacks Rank #1 (Strong Buy), with EPS revisions also remaining on a bullish trajectory across the board. The sales revisions have been particularly potent, helping underpin just how strong the demand picture has become. Image Source: Zacks Investment Research Microsoft posted a double-beat relative to our consensus expectations, with sales growing by 18% YoY alongside 23% YoY growth in earnings. Favorable Intelligent Cloud results and a reaffirmation of its CapEx outlook reflected big positives, both reflecting huge hurdles it needed to clear. Intelligent Cloud revenue came in at $39.3 billion, beating our consensus estimate handily and growing 32% YoY. Cloud growth rates have been closely watched, with accelerating growth generally getting rewarded and decelerating growth raising a lot of scrutiny. The $39.3 billion in Intelligent Cloud revenue reflected a nearly $1.2 billion beat relative to our consensus estimate, the largest we’ve seen over the last seven quarters. Image Source: Zacks Investment Research EPS revisions for the mega-cap giant remain positive for both its current and next fiscal years, a bullish sign. Image Source: Zacks Investment Research EMCOR similarly posted a double-beat relative to our consensus expectations, with revenues of $5.2 billion reflecting a record and growing nearly 20% YoY. Adjusted EPS of $9.06 reflected a second-quarter-specific record, up 35% from the same period last year. The company didn’t just post records across headline figures, though, with remaining performance obligations (RPO) of $17.1 billion similarly reflecting an all-time high and surging 44% YoY. The favorable results were capped off with increased sales and earnings guidance, with the stock sporting a favorable Zacks Rank #2 (Buy). Revenue has shown huge growth over recent years, with the record-high RPO in the release helping keep the overall trajectory bright. Image Source: Zacks Investment Research Bottom Line It’s been an overall strong reporting cycle so far, particularly so for Microsoft MSFT, Bloom Energy BE, and EMCOR Group EME, all of which posted results that have led to strong momentum in the days following the releases. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Bloom Energy Corporation (BE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research