Movement Alert|Bloom Energy Corp Pre-Market Rise 6.18%, Technical rebound supported by rating upgrade and California power project cooperation

Market Focus
Nov 06

On November 6, Bloom Energy Corp rose 6.18% in Pre-Market Trading, trading at $179.4 per share, with turnover of $15.95 million.

The move followed continued digestion of two established catalysts: a recent rating upgrade to overweight with a $289 price target and a strategic cooperation with California Resources to advance decarbonized power projects in California, which helped support a rebound after the prior session's sharp pullback.

Supporting context remains constructive. Recent commentary said demand is inflecting faster than expected, with customer deposits rising from $78 million at the prior year-end to $661 million by the third quarter, including roughly $300 million of sequential growth in the quarter. The company also previously reported third-quarter revenue of $1.236 billion and adjusted EPS of $0.94, and raised its full-year revenue and profit guidance.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10