On October 16, Bloom Energy Corp fell 3.31% in Regular Trading, trading at $229.44 per share with turnover of $207 million.
The move aligns with continued pressure from uncertainty around the New Mexico natural gas pipeline tied to Oracle's Project Jupiter, which has raised concerns about power delivery timing and project rollout expectations ahead of the company’s October 22 earnings release.
Recent market updates said the pipeline approval delay continues to cloud visibility on Project Jupiter’s supply schedule, while investors are increasingly focused on order delivery timing and the effect of project execution on margins. Bloom Energy Corp is expected to report earnings on October 22, with consensus EPS at $0.56. In the prior quarter, the company posted revenue of $1.065 billion, up 165.52% year over year, gross margin of 33.38%, net income attributable to the parent of $196 million, net margin of 18.42%, and adjusted EPS of $0.78.
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