As SPY Nears Best Month Since 2020, These Three Stocks Stole The Show In April

• Bloom Energy announced an expanded partnership with Oracle under which Oracle plans to procure up to 2.8 GW of Bloom’s solid-oxide fuel cell systems.
• Bloom also reported strong results for the March quarter, with revenue coming in at $751.1 million, easily beating Street estimates of $540.02 million.
• AEHR shares are on track to record their sharpest monthly gains in more than nine years.

U.S. stocks are wrapping up a strong April, with the SPDR S&P 500 ETF (SPY) on track for its best monthly gains since November 2020 after hitting a fresh record high earlier this week, driven by a rebound in technology stocks and de-escalating efforts in the Middle East.

As the month draws to an end, Hong Kong-based IoT solutions company Mega Fortune Co (MGRT) is emerging as the biggest winner, with stock surging more than 2,000% as of Wednesday’s close. MGRT stock has a price-to-earnings ratio of more than 8,300, according to TradingView data.

The move is likely driven by speculative retail momentum as the company did not announce any new orders, partnerships, or earnings. However, earlier this month, Mega Fortune overhauled its board and finance leadership following earlier resignations.

Despite the massive rally, retail sentiment on Stocktwits turned ‘extremely bearish’ from ‘bearish a day earlier.  

Bloom’s Oracle Deal Sees Momentum

Bloom Energy (BE) emerged among the top gainers in April, rising more than 110% as of Wednesday’s close and clocking in its biggest monthly gains since November 2024.

Earlier in the month, Bloom announced an expanded partnership with Oracle under which Oracle plans to procure up to 2.8 gigawatts of Bloom’s solid-oxide fuel cell systems, with 1.2 gigawatts already contracted and being deployed to power Oracle’s U.S. AI and cloud data centers. Oracle's Project Jupiter, a $1.5 billion AI data center campus in New Mexico, will run entirely on Bloom’s fuel cells.

Earlier this week, Bloom Energy reported strong results for the March quarter, with revenue jumping 130% to $751.1 million, and easily beating Street estimates of $540.02 million. Earnings also beat expectations, with adjusted earnings per share coming in at $0.44 versus estimates of $0.13.

Bloom Energy also raised its 2026 outlook, now expecting revenue between $3.4 billion and $3.8 billion, implying about 80% growth at the midpoint. Multiple brokerage firms, including Morgan Stanley, Roth Capital, and RBC Capital, raised their price targets for the stock, citing the company’s strong outlook.

Retail sentiment for BE remained in the ‘extremely bullish’ territory, amid ‘extremely high’ message volumes.

AEHR’s Record Order Drives Rally

Meanwhile, Aehr Test Systems (AEHR) shares are on track to record their sharpest monthly gains in more than nine years, boosted by a record $41 million follow-on production order from its lead hyperscale AI customer for package-level burn-in of custom AI processor ASICs (Application-Specific Integrated Circuit).

Earlier in April, the company reported strong bookings of $37.2 million for the quarter, with a book-to-bill ratio of 3.5x. It now expects bookings to come in at the high end of its $60 million to $80 million outlook for the second half of fiscal 2026, ending May 29.

However, retail sentiment on Stocktwits has remained ‘bearish’ over the past 24 hours.

At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.1% in pre-market trading, the Invesco QQQ Trust ETF (QQQ) rose 0.1%, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) declined 0.4%.

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