On August 1, Bloom Energy Corp declined 3.31% in after-hours trading, trading at $201.0/share, with turnover of $96.29 million. The pullback comes after the stock surged approximately 40% over the preceding three sessions, driven by Mizuho upgrading the stock from neutral to outperform and a blowout Q2 earnings report.

Specifically, Mizuho set a $242 price target (adjusted down from a prior $285), while the company reported Q2 revenue of $1.065 billion — its first quarter surpassing $1 billion — representing 166% year-over-year growth and far exceeding the $823 million consensus. Adjusted EPS of $0.78 beat the $0.40 estimate by 95%. The company also raised full-year revenue guidance to $3.9-$4.2 billion, above the prior consensus of $3.73 billion, fueled by AI data center and hyperscaler demand. UBS maintained a buy rating with a $300 target, while JPMorgan held an overweight rating with a $314 target. The after-hours retreat follows a pattern observed earlier in the week when investors locked in gains after the initial earnings rally.

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