What's Going On With Bloom Energy Stock Monday?

Bloom Energy Corp. (NYSE:BE) shares plummeted on Monday. This decline follows a sharp escalation in geopolitical rhetoric.

President Donald Trump warned Monday he would completely obliterate Iran’s oil and power infrastructure if the Strait of Hormuz remains closed.

This threat pushed WTI crude futures above $101 a barrel. While high oil prices sometimes boost alternative energy, the broader market uncertainty is weighing on growth-heavy tickers.

Short Interest Up

Bearish bets against the fuel cell manufacturer are rising. Short interest in Bloom Energy increased from 22.04 million to 24.39 million shares.

Short sellers now control 11.55% of the company’s float. Based on an average daily volume of 10.34 million shares, Benzinga notes it would take 2.36 days for short positions to cover.

Technical Analysis

BE is trading 22.7% below its 20-day simple moving average (SMA) and 9.5% below its 100-day SMA, showing short-term damage even as the longer-term uptrend is still intact, with the stock 26.1% above its 200-day SMA.

Shares are up 498.93% over the past 12 months and, despite the pullback, are still positioned closer to their 52-week highs than lows.

The RSI is at 41.82, which sits in neutral territory. Meanwhile, MACD is at -2.9115 and below its signal line at 0.0897.

• Key Resistance: $120.00
• Key Support: $133.50

BE Stock Price Activity: Bloom Energy shares were down 11.01% at $118.57 at the time of publication on Monday, according to Benzinga Pro data.

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