Movement Alert|Bloom Energy Corp Overnight Decline 3.01%, Profit-Taking After Sharp Rally Amid Lingering Short Report Concerns

Market Focus
Jul 22

On July 22, Bloom Energy Corp declined 3.01% in after-hours trading, trading at 219.22 USD/share, with turnover of approximately $12.83 million. The stock had surged over 14% in the prior regular session, triggering short-term profit-taking pressure.

The pullback comes as short-term traders move to lock in gains following the recent sharp rally. Additionally, the approaching quarterly earnings report on July 28 (expected EPS: $0.23) has intensified wait-and-see sentiment among investors. The lingering effects of short seller Hunterbrook's report — which alleged that the company's 5GW annual production capacity would require approximately 220 tons of scandium oxide, approaching global annual supply — continue to weigh on sentiment, despite multiple institutions defending the stock. UBS maintained its buy rating with a $350 price target, calling scandium supply concerns overblown, while RBC noted the short report relied on outdated reference material and that Bloom has reduced its dependency on scarce minerals through patents and technological improvements.

(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.)

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