On August 5, Bloom Energy Corp rose 3.34% in regular trading, trading at $239.755/share with turnover of $458 million, staging a strong intraday rebound from early session weakness.
On the news front, the company's Q2 earnings report delivered a comprehensive beat that continues to fuel upward momentum. Revenue reached $1.065 billion, surpassing $1 billion for the first time in a single quarter, representing a 166% year-over-year surge. Adjusted EPS came in at $0.78, exceeding consensus estimates by 95%. Management simultaneously raised full-year revenue guidance to $3.9 billion-$4.2 billion, well above the prior Street consensus of $3.73 billion, driven by robust demand from AI data centers and hyperscale customers.
Additionally, the options market saw a notable $2.69 million synthetic long position, with the trader purchasing the $300 strike call while selling the $165 strike put expiring August 21, reflecting clear institutional conviction in medium-to-long-term upside. Mizuho previously upgraded the stock to outperform with a $242 price target, while UBS maintains a buy rating with a $300 target.
(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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