On August 24, Bloom Energy Corp declined 4.48% in regular trading, trading at $188.62/share, with turnover of $160 million. The stock extended its recent corrective trend as multiple headwinds converged.
On the news front, Jefferies previously raised its target price from $188 to $229 while maintaining a Hold rating. The target price remains significantly below the stock's prior trading levels, continuing to cap valuation upside. The stock has now fallen more than 20% from its $241 high, with profit-taking pressure accelerating.
Within the Heavy Electrical Equipment sector, broad weakness persisted. Among individual stocks, GE Vernova Inc. down 1.2%, NuScale Power down 3.34%, Forgent Power Solutions down 2.09%, X-Energy down 1.45%, and NANO Nuclear Energy Inc down 1.33%, reflecting sustained capital outflows across the sector.
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