Bloom Energy Corp (NYSE: BE) stock is rebounding on Monday following an 11.24% selloff on Friday. Investors are assessing positive details from the company’s third-quarter earnings report released after the market close on Thursday.

Nasdaq futures are up 0.65% while S&P 500 futures have gained 0.39%.

Strong Third Quarter Results

Bloom Energy reported third-quarter revenue of $1.24 billion, beating analyst estimates of $1.05 billion. Third-quarter adjusted earnings reached 94 cents per share, beating consensus expectations of 68 cents per share.

Total revenue increased 138.1% year-over-year, supported by $1.074 billion in product revenue. The company concluded the period with $2.49 billion in cash and cash equivalents.

"What began with hyperscalers is rapidly moving across market segments because every business needs reliable power to grow. We are building the electricity platform for the digital era: power where it is needed, when it is needed, clean and always on," said KR Sridhar, founder, chairman and CEO of Bloom Energy.

Higher Full-Year Outlook

Management raised full-year 2026 revenue guidance to between $4.40 billion and $4.60 billion, up from $3.90 billion to $4.20 billion. The company also increased projected adjusted earnings to between $3.10 and $3.40 per stock.

Analyst Updates

Several Wall Street firms updated their forecasts on Friday. Morgan Stanley lifted its forecast to $335, Bernstein moved its target to $306, while JPMorgan and BTIG lowered forecasts to $292 and $250, respectively. Bloom Energy stock maintains an average price forecast of $227, implying 14.9% upside, according to MarketDash.

Technical Analysis

From a longer-term trend perspective, the stock is still up 78.11% over the past 12 months, but the near-term structure has weakened as price has slipped back under key moving averages. At $197.00, shares are trading 23% below the 20-day SMA ($257.30), about 20.2% below the 50-day SMA ($248.30) and 100-day SMA ($248.35), and about 9.7% below the 200-day SMA ($219.29).

The bigger-picture crossover setup still leans constructive—20-day SMA remains above the 50-day SMA, and the 50-day SMA is above the 200-day SMA—yet price being below all of them tells you the uptrend is under pressure right now. In practical terms, bulls typically want to see the stock reclaim at least the 200-day area ($219.29) to argue the longer-term trend is reasserting itself.

BE Stock Price Activity: Bloom Energy shares were up 1.91% at $197 during premarket trading on Monday, according to market data.