Bloom Energy Stock: 25.31 Percent Jump After Q2 Figures - Börse Express
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A quarterly report, a rating change, a share price jump of more than a quarter within a day. On Thursday, Bloom Energy delivered what investors rarely see in the AI infrastructure rally: figures that make even optimistic estimates look old. The stock closed at 179.20 euro, a daily gain of 25.31 percent. Trading was correspondingly hectic. Volume was 177 percent above the daily average. Year-to-date, this represents a gain of 138.77 percent – yet the stock remains 41.91 percent below its 52-week high of 308.50 euro from June. The rally was triggered by a rating change from Mizuho. The bank upgraded the fuel cell specialist from "Neutral" to "Outperform". Notably: Mizuho simultaneously lowered the price target from 285 to 242 dollars. The bank nevertheless justified the upgrade with the record performance in the second quarter. The figures justify the optimism. Bloom Energy reported record revenue of 1.07 billion dollars – an increase of 165.5 percent year-over-year. Adjusted earnings per share were 0.78 dollars, almost double the analyst estimate of 0.41 dollars. The success has a clear name: artificial intelligence. Management confirmed that all major US hyperscalers as well as more than a dozen "Neocloud" providers have approved the company's solid oxide platform for powering AI data centers. Central to future growth is the partnership with Brookfield Asset Management. The...
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