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Bloom Energy tumbles to two-month low despite earnings beat

By Reuters News

** US fuel cell maker Bloom Energy drops 10.7% to $194.38, its lowest level since Aug 24, despite reporting quarterly results that topped Wall Street expectations

** Revenue surges 138% year-over-year to $1.24 bln, above analysts' forecasts of $1.06 bln, according to LSEG

** Adjusted EPS jumps to 94 cents from 15 cents a year earlier, beating estimates of 68 cents

** Roth Capital says BE's valuation already reflects high expectations for future orders and capacity growth, while limited transparency keeps it cautious despite strong results

** BE was added to the S&P 500 last month, capping a strong run for the stock, which had gained about ~123% this year

** Avg analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell"

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