Shares of Bloom Energy Corporation (NYSE: BE), a leading provider of solid oxide fuel cell technology, surged nearly 9% in after-hours trading on Thursday, following the company's impressive fourth-quarter earnings report and upbeat guidance for 2025.
The strong rally can be attributed to Bloom Energy's better-than-expected financial performance in the fourth quarter, fueled by robust demand for its energy solutions. The company reported revenue of $572.39 million, surpassing analyst estimates of $508.28 million, representing a staggering 60.37% year-over-year increase. Furthermore, Bloom Energy's adjusted earnings per share of $0.43 significantly exceeded analysts' expectations of $0.30.
Investors were also encouraged by Bloom Energy's optimistic outlook for 2025, with the company forecasting revenue in the range of $1.65 billion to $1.85 billion, exceeding analysts' estimates of $1.67 billion. This bullish guidance reflects the growing demand for Bloom Energy's innovative fuel cell technology, driven by the global shift towards clean and sustainable energy sources.
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