Movement Alert｜Bloom Energy Corp falls 7.84% in Regular Trading, shares continue to pull back after Citi's modest target increase

Market Focus10-30 21:32

On October 30, Bloom Energy Corp falls 7.84% in Regular Trading, trading at $204.255 per share, with turnover of $245 million.

The latest catalyst in market coverage was Citi's target-price increase to $284 from $281, but the stock continued to give back gains after a sharp post-earnings run.

Earlier, Bloom Energy Corp reported third-quarter adjusted EPS of $0.94 and revenue of $1.236 billion, both above market expectations, and raised full-year guidance to revenue of $4.4 billion-$4.6 billion and adjusted EPS of $3.10-$3.40. Barclays had also lifted its target price to $316, underscoring that the recent weakness has come despite stronger fundamentals and more constructive analyst views.

(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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