Movement Alert|Bloom Energy Corp Falls 3.47% in Pre-Market Trading, Oracle Pipeline Approval Delay Continues to Weigh on Project Timing

Market Focus
Oct 15

On October 15, Bloom Energy Corp fell 3.47% in Pre-Market Trading, trading at $230.22 per share with turnover of $2.6461 million.

The move came as the market continued to digest delays tied to regulatory approval for a natural gas pipeline supporting Oracle’s New Mexico data center project, a development seen as pressuring expectations for Project Jupiter’s power supply and deployment timeline.

Recent coverage indicated the pipeline’s in-service date had been pushed back to February from the originally expected mid-August timing, adding uncertainty around a key Bloom Energy-related data center project. The backdrop is especially relevant ahead of Bloom Energy Corp’s October 22 earnings report, for which the market expects EPS of $0.56. In a separate sign of caution, long-dated options activity on October 15 featured a $55.8 million net-premium long straddle at the 290 strike, with in-the-money put exposure dominating overall flow, pointing to defensive positioning and expectations for elevated volatility.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10