On June 9, Bloom Energy rose 3.23% in pre-market trading, trading at approximately $260.72/share with trading volume of $5.23 million, showing signs of stabilization after a sustained pullback from above $320 to approximately $254.

The rebound comes as multiple fundamental tailwinds provide bottom support. UBS recently raised its price target from $251 to $322 while maintaining a Buy rating. The company reported Q1 revenue growth of 130.4% year-over-year, with core product revenue surging 208.4%, driven by explosive AI data center demand for solid-oxide fuel cell power solutions. Bloom Energy signed a long-term fuel cell supply agreement with Nebius valued at up to $2.6 billion and reached a deal with Oracle to provide up to 2.8 GW of fuel cell power for its data centers. CEO KR Sridhar further reinforced confidence by stating the company has no plans to issue equity, noting factory construction costs can be recouped within six months.

Within the Heavy Electrical Equipment sector, peers traded higher with NuScale Power up 2.61%, NANO Nuclear Energy up 2.05%, Forgent Power Solutions up 2.11%, and X-Energy up 1.11%, reflecting broad sector warmth.

(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.)