On June 11, Bloom Energy rose 3.15% in pre-market trading, trading at $241.01/share, with trading volume of approximately $4.01 million, showing signs of a stabilizing rebound after a sustained pullback.
On the news front, the stock had previously retreated from above $320 following director John T Chambers' sale of 55,000 shares through a pre-arranged 10b5-1 trading plan at an average price of approximately $297.69/share, combined with broad profit-taking pressure. The pullback brought shares down to the $240 level, suggesting short-term selling pressure has been largely absorbed. Fundamental support remains intact, with UBS previously raising its price target to $322 while maintaining a Buy rating, Q1 revenue surging 130.4% year-over-year, and major contracts including a long-term fuel cell power agreement with Nebius valued at up to $2.6 billion and a 2.8GW data center power cooperation with Oracle.
Within the Heavy Electrical Equipment sector, the overall sector showed strength. Among individual stocks, X-Energy up 4.28%, NuScale Power up 3.34%, NANO Nuclear Energy up 2.83%, Forgent Power Solutions up 2.44%, GE Vernova up 1.84%.
(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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