Movement Alert|Bloom Energy Corp Rises 3.06% in Regular Trading, Multiple Institutions Defend Stock as Short Seller Concerns Fade

Market Focus
Jul 23

On July 23, Bloom Energy Corp rose 3.06% in regular trading, trading at $226.17/share, with turnover of $381 million. The stock resumed its rebound after short-term selling pressure from a prior 14%-plus surge was absorbed, allowing bulls to re-enter.

On the news front, UBS maintained its buy rating and $350 price target, stating that scandium oxide supply concerns have been overblown. RBC also noted that short seller Hunterbrook's report relied on outdated reference material, and that the company has reduced its dependency on scarce minerals through patents and technological improvements. Additionally, Brookfield expanded its AI infrastructure partnership with the company to $25 billion, reinforcing fundamental support.

The company's quarterly earnings report is scheduled for July 28, with consensus EPS expectations at $0.23. Jefferies recently raised its price target to $246 from $207, while the average analyst target stands at $298.66.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10