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Bloom Energy Corporation

BE · NYSE

Market closed$214.96$8.23 (+3.98%)After hours $216.12 · +0.54%

Key statistics

Previous close$206.73
Open$200.98
Day high$223.75
Day low$194.60
52-week high$351.28
52-week low$24.04
Market cap61.14B
Volume14.53M
Average volume12.14M
P/E ratio188.56
Forward P/E76.41
EPS1.14
Dividend yield0.00%

Market context

Why it moved

Despite a broader semiconductor sector selloff driven by growing concerns over a slowdown in AI spending and chip fatigue, Bloom Energy (BE) bucked the trend and rose sharply, likely buoyed by strong sector rotation into clean energy and power infrastructure plays as investors sought alternatives to beaten-down chip stocks.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Bloom Energy shares rose ~4% on July 17, bouncing sharply off early lows (intraday range: $194.60–$223.75) as investors weighed the prior day's volatile session following the $1.7 billion IDF/Oaktree project investment for Nebius AI infrastructure — news that paradoxically triggered a ~14% selloff on July 16, likely on profit-taking after Bloom's massive 2026 run. The recovery came as the broader AI power thesis reasserted itself, with UBS reiterating a Buy/$350 target and Morgan Stanley maintaining Overweight/$310, even as the Hunterbrook short-seller report alleging China-sourced scandium supply-chain issues and significant insider selling (153,617 shares over 90 days) kept sentiment mixed. The stock continues to trade well above its consensus Hold target of $250.41, reflecting elevated expectations tied to Bloom's expanding AI data center partnerships.

3.981

July 17, 2026Bloom Energy tumbled sharply despite announcing a $1.7 billion project investment from Industrial Development Funding and Oaktree to deploy its fuel cell technology for Nebius' AI cloud infrastructure. The steep decline — on above-average volume — appears driven by a confluence of headwinds: ongoing fallout from Hunterbrook Capital's short-seller report alleging concealed reliance on Chinese scandium suppliers, persistent valuation concerns after a massive year-to-date run, and broad sector pressure as chip and tech stocks led the market lower. The broader Industrials sector (XLI) also closed modestly lower. Despite the session's pain, UBS maintains a Buy rating with a $350 target, and the company's AI power thesis remains intact backed by strong Q1 results — revenue up 130% YoY and raised FY2026 guidance of $3.4B–$3.8B.

-13.6394

July 16, 2026Bloom Energy closed lower as a broad selloff hit fuel-cell stocks sector-wide, with FuelCell Energy dropping roughly 10% and Plug Power also falling sharply — a group-wide unwind of monster 2026 gains. The decline came despite continued bullish analyst coverage, including UBS reiterating a Buy with a $350 price target and Truist Financial initiating coverage at Hold with a $250 target. Investor sentiment remains divided following a short-seller attack from Hunterbrook Capital alleging undisclosed reliance on Chinese scandium suppliers — claims management categorically rejected — while the company's strong Q1 results (130% revenue growth, raised full-year guidance to $3.4B–$3.8B) and a $25B AI power partnership expansion continue to underpin the longer-term bull case.

-1.6516

July 15, 2026Bloom Energy advanced sharply, outperforming both the broader S&P 500 and the industrials sector (XLI), as Wall Street pushed back forcefully against short-seller narratives. RBC issued a note dismissing short-seller claims about scandium supply constraints as relying on 'dated reference material,' reiterating an Outperform rating with a $335 target, while UBS maintained its Buy rating and $350 target. The rebound follows a multi-week selloff tied to a Hunterbrook short report, with bulls pointing to Bloom's record Q1 revenue of $751M (+130% YoY), a $25B Brookfield AI power partnership, and an upcoming July 28 earnings catalyst.

4.2443

July 14, 2026Bloom Energy shares fell sharply, pressured by a second week of turbulence stemming from dueling short-seller reports alleging Chinese supply chain dependence for scandium — a key material in its fuel cells — along with broader sector-wide selling in fuel-cell names and a risk-off market backdrop driven by renewed U.S.-Iran military strikes sending oil prices surging. Despite management's forceful rebuttal calling the allegations 'false and misleading' and UBS reiterating its Buy rating with a $350 target, the stock has now shed over 20% from late-June highs. Investors are focused on the July 28 Q2 earnings report as the next major catalyst, following a record Q1 that delivered $751M in revenue (+130% YoY) and a landmark $25B financing deal with Brookfield for AI data center infrastructure.

-4.546

July 11, 2026Bloom Energy shares fell nearly 5% on Friday, underperforming the broader market and XLI, as investors continued to digest the fallout from Hunterbrook Capital's short report alleging the company concealed its reliance on Chinese-sourced scandium and questioned the authenticity of its $20 billion unaudited backlog. Despite management categorically rejecting the claims and UBS reiterating a Buy with a $350 target calling scandium concerns "overblown," securities-fraud investigations by multiple law firms added headline risk and weighed on sentiment ahead of the July 28 Q2 earnings report.

-4.8284

July 10, 2026Bloom Energy shares closed modestly higher, recovering from Wednesday's 6% selloff triggered by Hunterbrook Capital's short report titled 'Bloom's Big Lie,' which alleged the company concealed its reliance on Chinese-sourced scandium and questioned its $20 billion unaudited backlog. The company formally rejected the claims as 'false and misleading' in an SEC filing, asserting supply chain independence and 25GW production visibility, while Morgan Stanley and Baird both defended the stock, with Morgan Stanley calling the short report's arguments 'overblown' and reiterating an overweight rating and $310 price target.

1.0736

July 9, 2026Bloom Energy tumbled sharply after Hunterbrook Media published an explosive short report alleging the company misrepresented its supply chain independence from China, specifically challenging CEO KR Sridhar's claims that Bloom has "no China supply chain" for scandium — a critical material in its fuel cells. Hunterbrook traced four China-linked routes delivering scandium oxide into Bloom's supply chain and warned of a looming global supply deficit, adding pressure on a stock already stretched at a forward P/E of 112x. The selloff came despite the company's late-June announcement expanding its AI infrastructure financing partnership with Brookfield to $25 billion, which had been viewed as a major growth catalyst; profit-taking across fuel cell peers — with FuelCell Energy and Plug Power also falling — amplified the move, while broader market risk-off sentiment from renewed U.S.-Iran tensions and surging oil prices added to headwinds across industrials.

-5.6683

Moomoo · July 17, 2026Firms Invest $1.7B in Project to Deploy Bloom Energy Fuel Cells for AI Data Center BuildoutThe National Law Review · July 17, 2026Bloom Energy Corporation (BE) Investigation: Bronstein, GewirtzTipRanks · July 16, 2026Bloom Energy Stock (BE) Sinks despite New Billion-Dollar Deal — Here’s WhyBenzinga · July 16, 2026What's Going On With Bloom Energy Shares On Thursday?PR Newswire · July 16, 2026Industrial Development Funding and Oaktree Announce $1.7 Billion Project Investment in Bloom Energy Fuel Cells for Nebius AI Infrastructure Build-OutHunterbrook · July 14, 2026Bloom's Big Lie
Benzinga · July 16, 2026What's Going On With Bloom Energy Shares On Thursday?
Benzinga · July 16, 2026Industrial Development Funding, Oaktree Sign $1.7B Project Financing To Support Deployment Of Bloom Energy's Fuel Cell Technology For Build-Out AI Cloud Infrastructure
Benzinga · July 15, 2026Here's How Much $100 Invested In Bloom Energy 5 Years Ago Would Be Worth Today
Mt Newswire · July 14, 2026Bloom Energy's Short Sellers Are Getting it Wrong, RBC Says in a Note
Benzinga · July 13, 2026Bloom Energy Stock in the Spotlight After a Week of Short-Seller Reports, Analyst Commentary
Mt Newswire · July 10, 2026Bloom Energy Shares 'Attractive,' Raw Material Concerns Overblown, UBS Says
Benzinga · July 10, 2026Bloom Energy Stock Trades Above 200-Day Line Despite Shorter-Term Pullback
Benzinga · July 10, 2026Susquehanna Maintains Positive on Bloom Energy, Raises Price Target to $298

Peers

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