Movement Alert｜Bloom Energy Corp Overnight Decline 6.13%, shares extend pullback after Citi modestly raised target price

Market Focus10-30 08:01

On October 30, Bloom Energy Corp fell 6.13% Overnight, trading at $208.52 per share, with turnover of $16.9 thousand.

The latest market catalyst was a modest target-price increase from Citi to $284 from $281, but the stock continued to give back recent gains after a strong post-earnings rally.

Earlier, the company reported third-quarter adjusted EPS of $0.94 and revenue of $1.236 billion, both above market expectations, and raised full-year guidance to $4.4 billion-$4.6 billion in revenue and $3.10-$3.40 in adjusted EPS. Barclays had also lifted its target price to $316, while consensus data cited an average rating of overweight and a mean target price around $296.21. The recent Overnight decline appears tied more to short-term profit-taking after the sharp earnings-driven advance than to a deterioration in disclosed fundamentals.

(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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