Bloom Energy stock rallies after Q4 sales top views

0
60

Shares of Bloom Energy Corp. BE, -3.37% rose more than 8% in the extended session Thursday after the alternative-energy company reported quarterly sales that were above expectations. Bloom said it lost $33 million, or 19 cents a share, in the fourth quarter, compared with $52 million, or 30 cents a share, in the year-ago quarter. Adjusted for one-time items, Bloom lost 5 cents a share. Revenue rose 37% to $342.5 million, Bloom said. FactSet consensus called for a loss of 3 cents a share on sales of $309 million. “We are poised to capitalize on demand for clean energy, decarbonization, and the growth of the hydrogen and renewable fuels economy,” Chief Executive KR Sridhar said in a statement. Bloom increased its long-term revenue growth outlook to between 30% and 35% over next 10 years, and called for full-year 2022 sales between $1.1 billion and $1.15 billion. Bloom shares ended the regular trading day down 3.4%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: ECB President Lagarde pushes back against acting ‘hastily’ over interest rate hikes
Next articleBritish American Tobacco announces $2.71B in buybacks as profit rises

LEAVE A REPLY

Please enter your comment!
Please enter your name here