Movement Alert｜Bloom Energy Corp Pre-Market Rise 3.28%, California decarbonized power partnership and Barclays upgrade remain in focus

Market Focus

Nov 04

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.

(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.

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