By Denny Jacob
Bloom Energy shares ticked up 3.7% in premarket trading after revenue surged in its latest quarter.
Shares were trading around $23.89. The stock is up about 154% over the last year.
The power generation platform company recorded revenue of $572.4 million in its fourth quarter, a 60% year over year increase from the prior-year period.
"As expected, we closed 2024 with record quarterly results. We expect our commercial momentum to continue into 2025 and beyond," said Chief Financial Officer Dan Berenbaum.
Bloom forecast revenue between $1.65 billion and $1.85 billion in 2025, while Wall Street expected around $1.7 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 28, 2025 09:00 ET (14:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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