Movement Alert｜Bloom Energy Corp Falls 3.71% in Pre-Market Trading, Short-Term Pullback Follows Barclays Target Increase

Market Focus10-29

On October 29, Bloom Energy Corp fell 3.71% in Pre-Market Trading, trading at $215.9752 per share, with turnover of $5.0558 million.

The move came as the stock pulled back after a recent rally tied to Barclays raising its price target to $316 from $308, even as the firm’s latest quarterly results and upgraded full-year outlook continued to support the broader bullish case.

Earlier disclosures showed Bloom Energy Corp reported third-quarter adjusted EPS of $0.94 on revenue of $1.236 billion, both above market expectations, and lifted full-year guidance to $4.4 billion-$4.6 billion in revenue and $3.10-$3.40 in adjusted EPS. Those fundamentals helped underpin the target increase, but the latest pre-market weakness appears consistent with near-term profit-taking after several sessions of gains.

(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.)

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