On November 4, Bloom Energy Corp rose 3.28% in Pre-Market Trading, trading at $221.7152 per share with turnover of $14.6094 million.

The move was linked to continued follow-through from the company’s strategic partnership with California Resources to advance decarbonized power projects in California, alongside Barclays upgrading the stock to Overweight with a $289 price target.

Supporting fundamentals were already strong: Bloom Energy Corp previously reported third-quarter revenue of $1.236 billion and adjusted EPS of $0.94, both above expectations, and raised full-year guidance to revenue of $4.4 billion to $4.6 billion and adjusted EPS of $3.10 to $3.40, reinforcing expectations for continued business expansion.

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