On October 7, Bloom Energy Corp fell 3.04% in pre-market trading, trading at $286.25/share, with Turnover of $23.22 million.
A large-scale sale of long-dated out-of-the-money call options, totaling $16.84 million with a $310 strike expiring January 15, 2027, indicates that institutional investors are cautious about the stock's medium-term upside potential. Option flow suggests bearish sentiment dominates despite recent analyst target price increases.
Barclays recently raised its target price from $276 to $308 while maintaining an Equal Weight rating, and Jefferies previously raised its target from $229 to $264. Bloom Energy is a global leader in solid-oxide fuel cell systems for on-site power generation, serving data centers and semiconductor manufacturing with resilient distributed power solutions and recurring revenue from long-term service agreements.
(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.)