Gross margin expanded to 33.4% from 26.7% a year ago, while operating income swung to $182.2 million from a loss of $3.5 million. The updated revenue outlook implies about 100% year-over-year growth at the midpoint, according to the company. Operating cash flow improved to $226.4 million from an outflow of $213.1 million a year earlier. The brokerage said the raised outlook, together with assurances that no single project would materially affect guidance, strengthened its positive investment thesis and maintained its Overweight rating with a $310 price target. Related articlesBloom Energy surges pre-market after record Q2 beat, guidance raiseNvidia's new Alpamayo project: What it means for Tesla?