On July 7, Bloom Energy declined 3.07% in after-hours trading, trading at $286.0/share, with turnover of $4.6443 million.

On the news front, Jefferies raised its price target on Bloom Energy from $207 to $246 but maintained a Hold rating, with the new target sitting significantly below both the current share price and the analyst consensus of $298.66, sending a clear overvaluation signal to the market.

The stock had previously rallied sharply after Bloom Energy and Brookfield Asset Management announced a fivefold expansion of their AI infrastructure power partnership framework from $5 billion to $25 billion. This deal, part of Brookfield's AI Infrastructure Fund targeting $100 billion in deployment, further cemented Bloom Energy's position as a core on-site power solution provider for AI data centers. The company also secured an approximately $2.65 billion, 20-year contract in Wyoming. While UBS raised its target to $350 maintaining a Buy rating, Jefferies' Hold rating paired with a target well below market price appears to have prompted some investors to lock in gains following the rapid run-up.

(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.)