Bloom Energy Posts 94c Adjusted EPS for Third Quarter
BE has more than doubled off its 52-week low of $75.7.
Summary
Bloom Energy reported third-quarter adjusted EPS of 78 cents, with revenue of $1.24B. That follows a blowout Q2 in which revenue hit $1.065B (+166% YoY) and the company raised full-year adjusted EPS guidance to $2.55–$2.85. The quarter's profit is a step toward that range and suggests the AI datacenter fuel-cell demand story is still converting into profit. Watch for any revision to the $3.9B–$4.2B full-year revenue target.
At the time of this announcement, BE was trading at $220.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $64.1B. The 52-week trading range was $75.70 to $351.28. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.