Movement Alert|Bloom Energy Corp Overnight Rise 5.19%, rebound follows prior selloff as upbeat rating and project cooperation remain in focus

Market Focus
Nov 06

On November 6, Bloom Energy Corp rose 5.19% Overnight, trading at $175.64 per share, with turnover of $6.08 million.

The move followed a sharp prior-session decline, while recently disclosed positive catalysts remained in focus: Barclays had upgraded the stock to Overweight with a $289 price target, citing a faster-than-expected demand inflection, and the company had also announced a strategic partnership with California Resources to advance decarbonized power projects in California.

Earlier disclosures showed customer deposits increased from $78 million at the end of the prior year to $661 million in the third quarter, including roughly $300 million of sequential growth in a single quarter. Based on an assumption that customers typically pay about 10% upfront, that implies underlying contract value of at least $3 billion. The company previously reported third-quarter revenue of $1.236 billion and adjusted EPS of $0.94, both above expectations, and raised full-year revenue guidance to $4.4 billion-$4.6 billion and adjusted EPS guidance to $3.10-$3.40.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10