On September 14, Bloom Energy Corp fell 4.08% overnight, trading at $264.5 per share with turnover of $533,200, pulling back after surging 6.68% to $275.75 in the prior session.
On the news front, S&P Dow Jones Indices previously announced that Bloom Energy will officially join the S&P 500 index before the market open on September 21, replacing Molson Coors Beverage. Fueled by the index inclusion catalyst and the AI data center on-site power demand thesis, the stock touched a stage high of $277.06 earlier this month, with options premium turnover approaching $5 billion at one point. However, the rapid run-up has triggered repeated rounds of profit-taking, with the stock experiencing a roughly 7% pullback mid-week before rebounding, only to face renewed selling pressure.
On fundamentals, the company reported Q2 revenue of $1.065 billion, up 166% year-over-year, with GAAP operating profit of $182 million. Passive funds and ETFs tracking the S&P 500 still need to complete position building ahead of the effective date, which may provide near-term support.
(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.)