Wey How
Thematic Position Trader, Technology Stocks & Trend Following
Bloom Energy's chart shows buyers winning a key battle by reclaiming the ~$240-250 pivot on its S&P 500 inclusion. That level is the neckline of both the May-July distribution top and the Adam-and-Eve double bottom since mid-July; the gap-up reclaim held and closed on higher volume. Price has made two higher lows and is building a higher high, while converging moving averages should draw trend-following support on pullbacks. The stock is known to be volatile. x.comÂ
Bloom Energy's AI infrastructure partnership with Brookfield has expanded fivefold to $25 billion. The heavy-volume drop on June 26 was simply Russell 2000 rebalancing of a stock now over $80 billion in market cap, not a fundamental break. A close below the 50-day moving average would require reassessment, and a fall below the June 26 low would invalidate the view. x.comÂ
Bloom Energy looks more appealing after beating earnings estimates by a wide margin while trading at about 55 times earnings near $200. The market paid $350 in June, but the company now earns far more than expected despite a 33% share-price drawdown. x.comÂ
Bloom Energy's third beat-and-raise this year makes its selloff look driven by market fear rather than deteriorating business results. A similar sentiment-driven decline after strong results in July marked a bottom before the stock doubled; the setup looks similar now. x.comÂ
Bloom Energy is probably already priced for perfection after running up like crazy, and it will likely keep trending down now that market sentiment has shifted. x.comÂ
Bloom Energy's results show hyperscalers paying for faster data-center power sooner than modeled. Revenue hit $1.24B versus $1.05B expected, and 2026 guidance rose to $4.4-4.6B; S&P 500 inclusion brings index buying. Operating cash flow was slightly negative as capacity expands. Bloom is not cheap after a 160% run and expectations are high. Overweight, $334 target with 40% stated upside. x.com x.comÂ
Bloom Energy is attractive because it is newly profitable and sales are doubling year over year; its stock is building a base-on-base recovery uptrend below the June all-time high. x.comÂ
Bloom Energy should not be chased after its S&P 500 inclusion, because index-day buying looks great for an hour and terrible for three months. Per @NoLimitGains, Paul Pelosi bought Bloom shares and deep in-the-money June 2027 calls in late July, and the stock jumped about 7% on speculation and 5% more after hours once the September 21 inclusion was confirmed. x.comÂ
Bloom Energy's mid-term uptrend looks ready to resume, provided whale accumulation stays strong and steady, now at 67.5%. The last volatility hole marked the bottom and the first buy zone, and momentum bars at $205, $217 and $252 that first acted as resistance have since been cleared with conviction, flipping into support and buy signals. x.comÂ
Bloom Energy's repeated revenue and EBITDA beats suggest its pullback will give way to another run soon. It raised 2026 guidance for the third time. Morgan Stanley raised its target to $335 and says Bloom targets revenue growth well above 100%, with backlog growing faster than sales and a path to more than 5 GW of capacity. x.comÂ
Bloom Energy is a flows story masquerading as fundamentals, and the Russell rebalance is an identifiable catalyst within a month. At about 4% of the Russell, it faces heavy selling when it gets kicked out of the small-cap index. Its roughly $100 billion valuation needs a $30 billion revenue run rate, which won't happen, and it will trade with a group seeing peak order growth while the AI trade looks over for a while. x.com x.com x.com x.com x.com x.com x.com x.comÂ
Bloom Energy alone can solve the electricity shortage for now. That warrants a high P/E, and its growth should be even stronger than the market expects. x.comÂ
