Bloom Energy Corporation., (BE) designs, manufactures, sells & install solid-oxide fuel cell systems for on-site power generation in the United States & globally. It offers Bloom Energy Server to convert different fuels like Natural gas, Biogas, Hydrogen or blended fuel into electricity. It comes under Industrials sector & trades at “BE” ticker at NYSE.
BE is trading in bullish weekly sequence since October-2019 low & expect impulse rally since 2.23.2024 low, while dips remain above 10.22.2025 low. It expects short term rally into $148.7 – $160.64 area to finish wave I. We like to buy the clear pullback in 3, 7 or 11 swings pullback at extreme area.
In weekly, it made all time low of $2.44 in October-2019. After that, it started impulse rally, expecting further upside against 10.22.2025 low. It placed (I) at $44.95 high of February-2021 & (II) at $8.41low of February-2024. Above there, it favors rally in I of (III) & expect further upside against 10.22.2025 low. It placed ((1)) of I at $29.82 high on 1.24.2025 & ((2)) at $15.15 low as 0.618 Fibonacci retracement on 4.09.2025 low. Above there, it placed ((3)) at $125.75 high on 10.15.2025 & ((4)) at $88.23 low on 10.22.2025 low as around 0.382 Fibonacci retracement. Within ((3)), it ended (1) at $29.44 high, (2) at $24.04 low, (3) at $86.89 high, (4) at $61.37 low & (5) at $125.75 high.
BE – Elliott Wave Latest Daily View:
Above ((4)) low, it rallies in ((5)) & expect short term upside into $148.7 – $160.64 area to finish I as showing momentum divergence. It already reached the minimum extension area, yet can see extend more before correcting in II. Currently, it favors rally in (1) of ((5)) & expect minor upside before pullback starts in (2). Do not like selling it in any pullback. As long as the pullback in (2) remain above 10.22.2025 low, it should see two more highs to finish ((5)). If it extends higher & broke above $160.64 level, then it can extend up to $205.4 to finish ((5)), while momentum divergence remains intact. We like to buy the next pullback in II in 3, 7 or 11 swings pullback.
Source: https://elliottwave-forecast.com/stock-market/be-expects-rally-between-160-205/