On October 6, Bloom Energy Corp rose 3.05% in pre-market trading, trading at $295.1/share, with Turnover of $49.96 million. On the news front, Barclays recently raised its target price for Bloom Energy to $308 from $276, maintaining an Equal Weight rating. This marks the second major investment bank to raise its target price recently, following Jefferies' increase from $229 to $264.

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel such as natural gas, biogas, hydrogen, or a blend into electricity through an electrochemical process without combustion. It sells its products through direct and indirect sales channels to utilities, data centers, agriculture, retail, hospitals, higher education, biotech, and manufacturing industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.

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