Bloom Energy Stock Tumbles 18% Ahead Of Thursday Earnings Report - Bloom Energy (NYSE:BE)
Bloom EnergyBloom Energy(US:BE) Benzinga·2026-02-04 18:02

Core Viewpoint - Bloom Energy Corp's shares experienced a significant decline after reaching an all-time high, as investors await a crucial earnings report that may not meet high expectations [1][2]. Stock Performance - The stock surged 6.83% to $166.79 on Tuesday, marking an all-time high, but fell 18.51% to $137.71 on Wednesday [2][6]. - The stock is currently facing mixed momentum, with a neutral RSI of 69.16 and a bullish MACD indicating potential overbought conditions [5]. Earnings Expectations - Analysts expect earnings per share (EPS) of 24 cents for the upcoming report, a notable decrease from 43 cents year-over-year [3]. - Revenue is projected to be $646.84 million, an increase from $572.39 million in the same period last year [3]. Recent Performance - The company has shown strong execution, beating estimates for four consecutive quarters with an average EPS surprise of 1.8% [4]. - In the most recent quarter, Bloom Energy reported an EPS of 15 cents, exceeding the 5 cents estimate, and revenue of $519.05 million, surpassing expectations of $420.79 million [4]. Analyst Consensus - The stock holds a Hold Rating with an average price target of $79.81 [6]. - Recent analyst actions include a neutral rating from Roth Capital with a target raised to $133, a Buy initiation from China Renaissance with a target of $207, and an Equal-Weight initiation from Barclays with a target of $153 [6].