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BUZZ-Bloom Energy climbs after FY forecasts come ahead of estimates

Reuters
Feb 06
BUZZ-Bloom Energy climbs after FY forecasts come ahead of estimates

** Shares of fuel-cell maker Bloom Energy BE.N up 12.5% at $153.71 premarket

** Company forecasts FY26 revenue to be between $3.1 bln and $3.3 bln, above analysts' average estimate of $2.72 bln - data compiled by LSEG

** Sees adj. EPS of $1.33-$1.48, also ahead of estimate of $1.05

** Significant growth from AI data center industry drove record full-year revenue, company says

** Posts Q4 revenue of $777.6 mln, vs estimate of $652.1 mln, while adj. EPS of 45 cents also beats expectations of 31 cents

** 13 analysts rate stock "buy" or higher, 12 rate "hold", three "sell" or lower; median PT is $143 - data compiled by LSEG

** As of last close, shares up 57.2% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomosnreuters.com))

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