On September 10, Bloom Energy Corp fell 3.24% in pre-market trading to approximately $261.01/share, with turnover of $21.49 million, extending the prior session's 2.86% decline.
The pullback follows a sharp rally driven by the company's upcoming inclusion in the S&P 500 index, set to take effect before the open on September 21, replacing Molson Coors Beverage. Between September 5 and September 8, the stock surged to an intraday high of $277.06, fueled by passive fund front-running, AI on-site power demand narratives, and massive call option inflows — with total options premium volume approaching $5 billion at one point. As the stock rapidly appreciated, profit-taking pressure has intensified.
Fundamentally, the company reported Q2 revenue of $10.65 billion, up 166% year-over-year, with GAAP operating profit of $1.82 billion. Institutions recently upgraded the stock to Buy, projecting revenues of $41.22 billion, $90.38 billion, and $147.71 billion over the next three years, citing an earnings inflection point.
(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.)