Mumbai, April 30 -- Bloom Energy's shares surged 26% on the NYSE after the company posted adjusted earnings of 44 cents per share, well above estimates. Revenue rose 130% to $751 million, significantly beating expectations.

The company also raised its full-year guidance. It now expects revenue in the range of $3.4 billion to $3.8 billion, compared to its earlier outlook of $3.1 billion to $3.3 billion. Adjusted earnings are projected at $1.85 to $2.25 per share, higher than the previous forecast of $1.33 to $1.48.

MTAR Technologies is a key strategic supplier to Bloom Energy, with a significant portion of its revenue linked to the US company. It manufactures critical assemblies used in Bloom's solid oxide fuel cell systems.

As Bloom sc...