On October 1, Bloom Energy Corp rose 3.16% in pre-market trading, trading at approximately $285.55 per share, with turnover of $5.97 million. The stock rebounded after declining 3.31% in the prior session, which itself followed a sharp 10.80% single-day rally, exhibiting characteristics of a short-term technical recovery.

On the news front, Jefferies recently raised its price target on Bloom Energy from $229 to $264, maintaining a Hold rating. The firm cited large project wins and plans to expand production capacity to 2 gigawatts by year-end as factors supporting near-term revenue growth, driven by strong demand from large data center clients for rapid on-site power deployment. FactSet consensus among analysts shows an average target price of $287.26 with an Overweight rating.

Additionally, Bernstein clarified that Bloom Energy's commercial contract terms with Oracle for the Project Jupiter data center remain unchanged. The project delay stems from Energy Transfer's gas pipeline right-of-way permit issues rather than any Bloom Energy equipment delivery obstacles, alleviating a key market concern that had weighed on shares in recent sessions.

(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.)