Movement Alert｜Bloom Energy Corp Falls 3.71% in After-Hours Trading, Shares Pull Back After Citi’s Modest Target Increase

Market Focus10-30 04:07

On October 30, Bloom Energy Corp fell 3.71% in After-Hours Trading, trading at $214.0 per share, with turnover of $91.09 million.

The clearest recent catalyst was Citi’s modest price-target increase to $284 from $281, but the stock appeared to give back gains after a strong run fueled by earlier earnings upside and Barclays’ prior target increase to $316.

Bloom Energy Corp previously reported third-quarter adjusted EPS of $0.94 and revenue of $1.236 billion, both above expectations, and raised full-year guidance to $4.4 billion-$4.6 billion in revenue and $3.10-$3.40 in adjusted EPS. FactSet-polled analysts cited in recent coverage showed an average rating of overweight and a mean target near $296.21, indicating that supportive fundamentals remain in place even as the shares saw short-term profit-taking.

(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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