Why Is Bloom Energy (BE) Stock Bouncing Back After a 9% Earnings Drop?
Photo: CoinCentral
TLDR Bloom Energy (BE) stock rose 2.5% in pre-market trading Friday after falling 8.7% on Thursday. Q3 non-GAAP EPS was $0.94 versus the $0.69 estimate, and revenue hit $1.24 billion, up 138% year over year. The company raised 2026 guidance to $3.10 to $3.40 EPS and $4.4 billion to $4.6 billion in revenue. Record capital spending led to negative net cash flow of about $180 million, which drove the selloff. Peers that fell on Thursday are stabilizing, and the S&P 500 and Nasdaq are modestly higher in pre-market trading. Bloom Energy (BE) stock rose 2.5% in pre-market trading on Friday.
Source: CoinCentral
