On August 19, Bloom Energy Corp declined 3.37% in regular trading, trading at $201.195/share, with turnover of $693 million.

On the news front, the heavy electrical equipment sector experienced broad-based selling pressure, with Forgent Power Solutions down 6.3%, GE Vernova down 3.78%, INNIO down 3.27%, and X-Energy down 3.15%, as sector-wide capital outflows dragged down individual stock performance. Additionally, Jefferies previously raised its price target on the company from $188 to $229 but maintained a Hold rating, with the target price remaining below recent trading levels, signaling limited upside from current valuations.

The stock had previously rallied on Q2 single-quarter revenue surpassing $1 billion for the first time and an upward revision of full-year revenue guidance to $3.9-4.2 billion, accumulating significant short-term gains that intensified profit-taking pressure amid the sector downturn.

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