On September 15, Bloom Energy Corp rose 3.98% in regular trading, trading at $267.83/share, with turnover of $312 million, staging a technical rebound following a 6.78% decline in the prior session.
On the news front, Mizuho significantly raised its price target on Bloom Energy from $242 to $351 while maintaining an Outperform rating, providing a notable boost to market sentiment. Additionally, S&P Dow Jones Indices previously announced that Bloom Energy will officially join the S&P 500 Index before the market opens on September 21, replacing Molson Coors Beverage. With fewer than six trading days remaining before the effective date, passive funds and ETFs tracking the S&P 500 still need to complete their position-building allocations, creating near-term buying support.
The stock had previously surged to a stage high of $277.06 driven by the index inclusion announcement and growing demand for on-site power generation tied to AI computing infrastructure. Options premium turnover at one point approached $5 billion, reflecting intense speculative interest. Institutional revenue projections remain optimistic, with one firm forecasting revenues of $4.12 billion, $9.04 billion, and $14.77 billion over the next three fiscal years.
(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.)