Bloom Energy is trading 6.2% down at $189, extending a sharp pullback from August 21, 2026, as ongoing profit-taking follows a major earlier rally.
- Elevated valuation concerns remain prominent.
- The Nasdaq Composite is down 0.55%, adding broader pressure to high-growth risk assets.
- BNY Mellon’s newly disclosed $296 million stake is supportive but does not explain the August 24 selling.