Bloom Energy (BE) favors bounce towards $120.2 before lower

Elliott Wave Forecast Team ElliottWave-Forecast.com

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).

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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