On July 9, Bloom Energy rose 8.45% in regular trading, trading at approximately $270.69/share, with turnover of $4.08 billion. The sharp rebound represents an accelerating technical recovery following an earlier intraday sell-off triggered by a short-seller report.
Earlier in the session, short-seller Hunterbrook published a report questioning Bloom Energy's 5GW capacity plan, alleging it would require approximately 220 tons of scandium oxide — close to the global annual supply of 240 tons — while also raising concerns about revenue growth and Oracle project permitting timelines. The stock initially plunged over 12% before closing down 5.67% in the prior session. However, the report has failed to materially undermine bullish consensus, as the company's recently announced expansion of its AI infrastructure power partnership with Brookfield Asset Management to $25 billion — a fivefold increase — continues to anchor fundamental support. UBS maintains a Buy rating with a $350 price target, reinforcing positive institutional sentiment.
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