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CORRECTED-BUZZ-Bloom Energy rises after raising full year forecasts

CORRECTED-BUZZ-Bloom Energy rises after raising full year forecasts

ReutersReuters2026/07/29 10:03
By:Reuters

Corrects bullet 5 to say J.P.Morgan cut price target, not raised; adds dropped share direction in bullet 6

** Shares of fuel-cell firm Bloom Energy BE.N up 11.7% to $186.20 premarket

** The company, which has struck power supply agreements with AI data centers, raises FY revenue in range of $3.9 bln - $4.2 bln, compared to prior forecast of $3.4 bln - $3.8 bln

** BE lifts FY adj. EPS of $2.55 - $2.85, from $1.85 - $2.25 earlier

** Co posts Q2 adj EPS of 78 cents and revenue of $1.07 bln, both beating analysts' consensus estimates of 41 cents and $827.6 mln

** J.P. Morgan cuts target price to $314 from $346

** Stock hit a more-than-three-month low on Wednesday amid selloff in AI stocks

** 15 of 30 brokerages rate the stock "buy" or higher, 14 "hold" and one "sell" or lower; median PT is $292.5

** As of last close, stock has risen 92% YTD


(Reporting by Anand Gopal in Bengaluru)

((anandgopal.r@thomsonreuters.com))

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