Movement Alert|Bloom Energy Corp Rises 5.3% in Regular Trading, Mizuho Raises Target Price to $351 as S&P 500 Inclusion Nears

Market Focus09-17 21:32

On September 17, Bloom Energy Corp rose 5.3% in regular trading, trading at $281.37/share, with turnover of $339 million, extending recent rebound momentum.

On the news front, Mizuho significantly raised its target price for Bloom Energy from $242 to $351, maintaining an Outperform rating, providing clear support for market sentiment. Additionally, S&P Dow Jones Indices previously announced that Bloom Energy will be officially added to the S&P 500 Index before trading begins on September 21, replacing Molson Coors Beverage. With only a few trading days remaining before the effective date, passive funds and ETFs tracking the S&P 500 still need to complete position building, forming near-term buying support. Options market activity has also been elevated, with total premium turnover approaching $500 million at one point, reflecting strong bullish positioning around the AI on-site power generation thesis.

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation, serving data centers, semiconductor manufacturing, and other critical industries with distributed power solutions.

(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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