On August 20, Bloom Energy Corp fell 3.36% in regular trading, trading at $199.615/share, with turnover of $327 million.

On the news front, the Heavy Electrical Equipment sector continued to weaken broadly, with X-Energy down 5.61%, NuScale Power down 4.84%, Forgent Power Solutions down 1.92%, and GE Vernova down 1.47%, as sustained sector capital outflows dragged down individual stock performance. Jefferies previously raised its target price on the company from $188 to $229 but maintained a Hold rating, with the target price below recent trading levels, effectively capping further valuation upside.

The stock had previously reached a high of $241 following Q2 quarterly revenue exceeding $1 billion for the first time and an expanded partnership with MiTAC to build fuel cell microgrids for AI server manufacturing. However, the stock has since pulled back more than 16% from that peak, with profit-taking pressure yet to be fully absorbed.

(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.)