Bloom Energy (BE) Moves 7.8% Higher: Will This Strength Last?

Group 1 - Bloom Energy (BE) shares increased by 7.8% to $23.92 in the last trading session, with a notable trading volume, and have gained 20.1% over the past four weeks [1] - The company is positioned to benefit from the Senate's revised bill that supports hydrogen and renewable energy, easing eligibility criteria and extending the 45V hydrogen tax credit [2] - Bloom Energy's on-site power generation solutions are expected to meet the rising energy demands of data centers, enhancing energy efficiency and lowering emissions [3] Group 2 - The company is projected to report quarterly earnings of $0.01 per share, reflecting a year-over-year increase of 116.7%, with revenues expected to reach $385.61 million, up 14.8% from the previous year [4] - The consensus EPS estimate for Bloom Energy has been revised down by 6.4% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [5] - Bloom Energy holds a Zacks Rank of 3 (Hold) and is part of the Zacks Alternative Energy - Other industry [6]