Movement Alert｜Bloom Energy Corp Falls 3.43% in After-Hours Trading, Shares Pull Back After Barclays Target Increase and Post-Earnings Run-Up

Market Focus10-29

On October 29, Bloom Energy Corp fell 3.43% in After-Hours Trading, trading near $220.76 per share, with turnover of $54.4998 million.

The latest market update indicates the stock pulled back after a recent advance that had been supported by Barclays raising its price target to $316 from $308, even as that target increase continued to reflect constructive sentiment on the company.

The broader backdrop remains a strong third-quarter report: adjusted EPS was $0.94, revenue was $1.236 billion, and full-year guidance was raised to $4.4 billion-$4.6 billion in revenue and $3.10-$3.40 in adjusted EPS. Those figures helped support recent analyst target revisions, but the newest after-hours move was described as short-term profit-taking following earlier 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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