On July 22, Bloom Energy Corp fell 3.81% in pre-market trading, trading at approximately $218.00/share, with turnover of $430.28 thousand. The decline follows a surge of over 14% in the prior trading session, triggering short-term profit-taking pressure.
On the news front, the lingering effects of a short seller report from Hunterbrook continue to weigh on sentiment. The report alleged that the company's 5GW annual production capacity would consume approximately 220 tons of scandium oxide, approaching global annual supply. Multiple law firms have initiated securities fraud investigations in response. Despite UBS maintaining its buy rating with a $350 price target, arguing scandium supply concerns are overblown, and RBC noting the short report relies on outdated materials while the company has reduced rare mineral dependency through patents and technology improvements, short-term funds remain inclined to lock in gains. Additionally, the upcoming quarterly earnings report on July 28 has elevated market caution, further suppressing pre-market activity.
(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.)