On August 19, Bloom Energy Corp rose 3.81% in pre-market trading, trading at 215.5 USD/share, with turnover of 66.8766 million USD.

On the news front, the stock had plunged over 16% across the prior two trading sessions, falling from a high of approximately 241 USD to around 202.5 USD, driven by Jefferies maintaining a Hold rating with a 229 USD target price and concentrated selling pressure across the heavy electrical equipment sector. The sharp correction triggered oversold rebound demand, drawing capital back into the name.

On the fundamental side, the company's Q2 single-quarter revenue surpassed 1 billion USD for the first time, with full-year revenue guidance raised to 3.9-4.2 billion USD. Additionally, its expanded partnership with MiTAC to build a fuel cell microgrid at an AI server manufacturing campus in Fremont, California continues to underpin the bullish thesis.

The heavy electrical equipment sector broadly recovered, with GE Vernova up 1.04%, X-Energy up 1.27%, Forgent Power Solutions up 1.71%, and INNIO up 1.0%, providing sector-wide tailwinds for the rebound.

(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.)