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Bloom Energy (BE) Favors Bounce Towards $120.2 Before Lower

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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, a power generation platform to convert different fuels like Natural gas, Biogas, Hydrogen or blended fuel into electricity through electrochemical process. It comes under Industrials sector & trades at “BE” ticker at NYSE.

BE is bullish impulse in weekly sequence. It ended wave I at $147.86 high started from February-2024 low. It favors correction in II in 7 or 11 swings. We like to buy the clear pullback in 7 or 11 swings pullback at extreme area.

In weekly, it made all time low of $2.44 in October-2019. It placed (I) at $44.95 high of February-2021 & (II) at $8.41 low of February-2024. Above there, it ended I of (III) at $147.86 high in 11.10.2025 high & favors corrective pullback in II. It placed ((1)) of I at $29.82 high, ((2)) at $15.15 low, ((3)) at $125.75 high, ((4)) at $88.23 low & finally ((5)) at $147.86 high. Within ((1)), it placed (1) at $18.14 high, (2) at $9.02 low, (3) at $28.70 high, (4) at $21.57 low & (5) at $29.82 high. Within extended ((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. It ended I of (III) in 11.10.2025 high & now favors pullback in II in proposed double correction.

BE – Elliott Wave Latest Daily View: 

Below I high, it placed ((W)) at $76 low in 3 swings move & favors bounce in ((X)). Within ((W)), it ended (A) at $93.87 low, (B) at $118.58 high & (C) at $76 low. Currently, it appears ended (W) of ((X)) as 3 swings at $110.84 high & favors pullback in (X) against 11.21.2025 low. Above 11.21.2025 low, it expects another leg higher towards 120.2 or higher to correct against 11.10.2025 high to end ((X)). Later, it should turn lower in ((Y)) of II. Once it ends ((X)), we can project extreme area for ((Y)). We like to buy the pullback in extreme area in ((Y)) for wave III of (III).

BE is not the part of regular service at EWF. But we provide time to time updates on instrument under blog section. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try our services for 14 days at $0.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.

Bloom Energy (BE) Expects Rally Between 160.6 – 205.4

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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.

BE is not the part of regular service at EWF. But we provide time to time updates on instrument under blog section. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try our services for 14 days at $0.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.