Movement Alert|Bloom Energy Corp Rises 3.22% Overnight, Q2 Earnings Beat and Mizuho Upgrade Continue to Fuel Rebound

Market Focus08-04 15:05

On August 4, Bloom Energy Corp rose 3.22% overnight, trading at 225.14 USD/share, with turnover of $17.57 million. The stock rebounded after a pullback of over 5% on August 3 driven by profit-taking pressure.

On the news front, the company's Q2 earnings massively exceeded expectations, with revenue of $1.065 billion crossing the $1 billion milestone for the first time, up 166% year-over-year. Adjusted EPS came in at $0.78, beating the consensus estimate of $0.40 by 95%, representing a 680% increase from the prior year. Mizuho upgraded the stock from neutral to outperform with a price target of $242. The company simultaneously 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 strong demand from AI data centers and hyperscale customers.

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