On June 2, Bloom Energy rose 3.03% in pre-market trading, trading at $282.0 per share, with trading volume of $4.504 million, rebounding after consecutive sessions of pullback.
On the news front, UBS recently raised its target price for Bloom Energy from $251 to $322, maintaining a buy rating. Simultaneously, the company's CEO publicly stated there are no plans to sell shares for financing despite the stock doubling over the past two months, emphasizing that factory costs can be recouped within six months — sending a positive signal to the market.
On the fundamental side, Bloom Energy's landmark agreement with Nebius, valued at up to $2.6 billion over 30 years to supply fuel cell power across approximately 250 MW of guaranteed capacity and 328 MW of installed capacity for AI infrastructure, continues to serve as a core mid-to-long-term catalyst. Additionally, the company's pending inclusion in the Russell Top 200 index has helped restore market sentiment following recent profit-taking pressure triggered by a director-affiliated entity's disclosure of a plan to sell 55,000 shares.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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