On August 4, Bloom Energy Corp rose 3.51% in regular trading, trading at approximately $221.81 per share with turnover of $803 million, extending a rebound after a 5%-plus pullback on August 3 driven by profit-taking.
The rally is underpinned by the company's Q2 earnings report, which showed revenue of $1.065 billion — the first time exceeding the $1 billion mark — representing a 166% year-over-year increase. Adjusted EPS came in at $0.78, surpassing consensus estimates by 95% and marking a 680% year-over-year surge. Mizuho upgraded the stock from neutral to outperform with a $242 price target, while UBS maintains a buy rating with a $300 target. The company raised full-year revenue guidance to $3.9 billion to $4.2 billion, well above the prior Street consensus of $3.73 billion, driven by robust AI data center and hyperscale customer demand. CEO Sridhar stated that all major U.S. hyperscale cloud providers and over twelve AI-related customers have completed validation, positioning Bloom as a standard for AI factory power delivery.
(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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