Bloom Energy Rises 4.4% on Earnings
$Bloom Energy Corp(BE)$
$113.28 (+4.38%): Earnings pop with pre-market +19%; hold $108 keeps $115–$118 breakout test
Market Recap (as of Oct 29, 2025):
Bloom Energy closed $113.28 (+4.75, +4.38%) after earnings, trading $105.84–$113.51 on the day. Volume ~11.1M vs ~13.0M avg (~0.85×).
Pre-market quotes on YF show a sharp continuation toward $135.12 (+19.3%), reflecting a momentum chase in clean-energy beta names.
Technical Indicators Analysis:
RSI(14) ~65.2 (bullish, below overbought). MACD lines are near-flat with the histogram improving from negative—early momentum re-acceleration. Price is above short/mid EMAs, and the up-gap keeps a sideways-up bias.
A firm push/close > $115–$118 opens $121–$125 (52-wk high $125.75 zone). Lose $108 and a gap back-test toward $106–$104 becomes likely.
Support / Resistance:
Support: $105.8-$108.0
Resistance: $115.0-$118.0
Valuation and Target Range:
TTM P/E ≈ 1,416×, far above the S&P 500 (~25×) given tiny EPS (~$0.08); no dividend; beta ~3.48.
Base case next 1–3 weeks: trade $108–$118 with upside skew; a daily close > $118 targets $121–$125 (stretch to $134–$135 only if pre-market levels hold on heavy volume). A close < $106 shifts bias to $102–$100.
Risk Statement:
High volatility and post-earnings gaps can retrace quickly; liquidity and headline risk are elevated. This note is for technical reference only and not investment advice.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
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