On September 4, Bloom Energy Corp rose 3.14% in regular trading, trading at approximately $242.09/share, with turnover of $4.02 billion, extending the prior session's rebound momentum.
The rally was catalyzed by an institutional upgrade to a \"Buy\" rating, citing an earnings inflection point. The institution projected revenue of $4.122 billion, $9.038 billion, and $14.771 billion for the next three years, with corresponding net income of $789 million, $1.82 billion, and $3.582 billion, implying forward P/E multiples of 79x, 34x, and 17x respectively. Notably, the lower bound of the company's revenue guidance at $3.9 billion already exceeds the upper limit of the previous upward revision at $3.8 billion, meaning even the most conservative scenario now surpasses the prior most optimistic estimate. The institution highlighted strong 2-3 year visibility for North American power supply shortages and a favorable outlook for the SOFC supply chain.
The upgrade helped the stock recover from a sharp sell-off earlier in the week, when multiple law firms advanced securities class action lawsuits against the company, pushing shares below the $200 level on September 1. Bloom Energy Corp is a global leader in solid-oxide fuel cell systems, with its Energy Server providing resilient distributed power to data centers, semiconductor manufacturing, and other critical operations.
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