On September 22, Bloom Energy Corp rose 3.03% in regular trading, reaching $284.00 per share, with turnover of $973 million. The stock extended gains following its formal inclusion in the S&P 500 Index, which took effect at the open on September 21.
On the news front, the S&P 500 addition — replacing Molson Coors Beverage — continued to drive passive fund and ETF rebalancing flows into the stock, providing sustained buying support. Additionally, a notable options trade emerged on September 22: a sell-straddle combination at the 210 strike involving 1,050 contracts each of calls and puts, generating approximately $10.37 million in net premium. The structure reflects expectations of limited extreme directional moves while overall large-order sentiment remained bullish.
Fundamentally, the company reported Q2 revenue of $10.65 billion, a 166% year-over-year increase, driven by AI compute-related on-site power demand. Mizuho recently raised its price target from $242 to $351 while maintaining an Outperform rating. One institution projects revenues of $4.12 billion, $9.04 billion, and $14.77 billion for the next three fiscal years, citing high visibility on North American power shortages over a two-to-three-year horizon.
(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.)