On August 6, Bloom Energy Corp declined 3.8% in regular trading, trading at 221.21 USD/share, with turnover of $134 million. The stock continued to retreat from recent highs as profit-taking pressure intensified following a massive rally.
The decline reflects ongoing position unwinding after the stock surged over 25% on July 31, driven by Q2 results that massively beat expectations. Revenue reached $1.065 billion, crossing the $1 billion threshold for the first time with 166% year-over-year growth, while adjusted EPS of $0.78 exceeded consensus by 95%. The company also raised full-year revenue guidance to $39-42 billion, fueled by strong AI data center and hyperscale customer demand. Mizuho upgraded the stock to outperform with a $242 target, and UBS maintained a buy rating with a $300 target.
Within the Heavy Electrical Equipment sector, the overall tone remained weak. Among individual stocks, X-Energy up 0.29%, GE Vernova down 0.93%, NuScale Power down 1.81%, INNIO Holding down 3.29%, Forgent Power Solutions down 3.38%.
(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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