On July 17, Bloom Energy declined 3.82% in regular trading, trading at $211.44/share, with turnover of $761 million. Bear sentiment continued to dominate despite multiple bullish catalysts emerging in recent sessions.
On the news front, the lingering effects of short-seller Hunterbrook's report — which alleged the company's 5GW annual capacity would require approximately 220 tons of scandium oxide, approaching the global annual supply of 240 tons — continued to weigh on shares. Multiple law firms have initiated securities fraud investigations, and market concerns over long-term scaling feasibility and supply chain stability remain unresolved.
Notably, Industrial Development Fund and Oaktree Capital announced a $1.7 billion investment to support Bloom Energy fuel cells powering Nebius AI infrastructure. Additionally, RBC issued a note stating the short report relies on outdated reference materials and likely overstates usage estimates, while UBS maintained its buy rating and $350 price target. Nevertheless, bearish momentum prevailed, extending the stock's recent pattern of persistent downward pressure amid intensifying multi-directional positioning.
(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.)
Comments