Prices at the Friday July 24 close.

Editorial Note: BE printed the move flagged as a risk on June 22: "the late, highest-beta leg of the rotation... BE gives back the most when the bid rotates back to compute." At $244.61, RSI 43, the stock is down -25.6% from the 06/22 read ($328.91, RSI 65) and has given back the entire breakout — from -1.16% off its 52wk high to -30.37% off it. 7D is -18.9% (vs +19.33% two reads ago), the mirror image of the biggest-cohort-gainer move that reclaimed the highs. Price is now -14.1% below SMA20 ($284.61) and -13.4% below SMA50 ($282.54) — the moving-average stack has flipped from tailwind to overhead resistance. 30D is -1.72% (roughly flat, meaning the round-trip happened within the month), while 3M is still +38.46% — the fuel-cell/AI-power thesis has not been erased, but the momentum-chase entry the 06/22 read warned about has now fully unwound. This is the trailing-stop framework the prior read called for triggering in real time: BE gave back the entire breakout leg, consistent with being the highest-beta expression of the AI-power rotation cutting both ways.

2026-07-17 tape note: The unwind has continued rather than stabilized. BE $214.96, RSI 39, still weak-down. -12.12% 7D, -34.64% 30D (a much sharper monthly decline than the -1.72% two weeks ago), and 3M has gone negative to -1.52% (from +38.46%) — the fuel-cell breakout has now fully round-tripped out of even the trailing-quarter window. -38.81% from 52wk high (widened from -30.37%). Now -21.6% below SMA20 and -22.2% below SMA50. Golden cross vs SMA200 still intact (+24%). No new fundamentals re-researched; the trailing-stop framework from 06/22 remains the operative lens — this cohort's highest-beta name is still giving back the most.

2026-07-25 tape note (Friday 2026-07-24 close): The unwind has continued and the SMA200 stop-loss level is now close. BE $184.89, RSI 36.2 (down from 39) — -13.99% 7D, -43.32% 30D (deeper than -34.64%), and 3M has deepened further to -20.02% (from -1.52%). Now -24.4% below SMA20 and -31.5% below SMA50 — both gaps widened. Golden cross vs SMA200 is still technically intact but the gap has narrowed sharply to only +4.8% (from +24%) — price ($184.89) is closing in on the $173-176 SMA200/stop-loss level flagged in the action matrix. -38.14% from 52wk high (essentially flat vs -38.81%). No new fundamentals re-researched; the trailing-stop framework remains the operative lens, and the SMA200 stop is now the level to watch closely rather than a distant hypothetical.

2026-07-28 tape note — SMA200 stop-loss level breached: The level the prior two reads were watching for has now been hit. BE $166.84, RSI 33.3 (down from 36.2) — an -11.34% single-day drop on elevated volume (1.7x average), pushing price BELOW SMA200 (-5.9%, vs +4.8% above on 07/25) for the first time in this file's history. 7D has deepened to -26.26% (from -13.99%); 30D has moderated slightly to -39.33% (from -43.32%, a base-effect artifact as the deepest part of the prior decline rolls partly out of the window) but 3M has worsened to -42.06% (from -20.02%). From 52wk high, the gap has widened sharply to -52.51% (from -38.14%) — a new deepest drawdown. The stop-loss level flagged since 07/17-07/25 ($173-176 SMA200) is now breached; per the action matrix's own framing, "a close below breaks the golden-cross structure." The SMA50>SMA200 golden-cross relationship itself remains technically intact per the underlying data, but the operative trailing-stop level has now triggered. No new fundamentals re-researched — no company-specific news identified for this move (correction 2026-08-03: the −11.34% day was the day OF Bloom's scheduled Q2 report, released after that close — record $1.065B revenue +165.5%, guidance raised to $3.9–4.2B, followed by +26.5% on July 30; see 2026-07-28-be-earnings for the cited print); treat this as the stop-loss event the file has been tracking, colliding with an earnings binary the note omitted. Per the full-scan summaries (2026-07-28 close). 2026-07-31 tape note: BE $205.81 (+23.36% vs $166.84), RSI 44.6 (warmed from 33.3). 7D +11.31% (turned positive from -26.26%), 30D -28.91% (moderated from -39.33%), 3M -29.16% (moderated from -42.06%). From the 52-week high, the gap is -41.41% (narrowed from -52.51%). Per the tape: trend "weak-down", regime "pullback", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-07-31 close). 2026-08-08 tape note: BE $219.34 (+6.57% vs $205.81), RSI 47.8 (warmed from 44.6). 7D +6.57% (moderated from +11.31%), 30D -13.74% (moderated from -28.91%), 3M -15.97% (moderated from -29.16%). From the 52-week high, the gap is -33.29% (narrowed from -41.41%). Per the tape: trend "weak-down", regime "pullback", golden cross intact. News not pulled for this move. Per the full-scan summaries (2026-08-07 close). 2026-08-14 tape note: BE $229.94 (+4.83% vs $219.34), RSI 51.1 (warmed from 47.8). 7D +4.83% (moderated from +6.57%), 30D -3.94% (moderated from -13.74%), 3M -16.67% (deepened from -15.97%). From the 52-week high, the gap is -32.75% (narrowed from -33.29%). Per the tape: trend "weak-down", regime "pullback", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-08-14 close).

Price Data

Action Matrix

Key Changes vs 07/28

2026-06-22 Rotation Refresh

This week's tape (06-18 EOW close) saw the AI buildout's down-stack rotation bid electrons + silicon hard while AI-monetized-in-SaaS de-rated. BE was the purest and largest expression of that rotation in the power cohort: +19.33%/7d, the single biggest 7-day gainer in the AI-power names, ahead of GEV (+13%/7d) and VST (+6.4%/7d). The market is paying up for who supplies the watts to the AI buildout, and BE — on-site fuel-cell generation that bypasses the grid-interconnect queue for data centers — sits at the front of that bid. NVDA was flat this week (consolidating, not leading); the leadership baton was held by the power/electrons layer, and BE led it. The breakout is therefore not an idiosyncratic Bloom story — it is BE being the highest-beta way to own "the AI buildout needs power that doesn't exist on the grid yet." Durable read: as long as the rotation keeps rewarding watts over apps, BE is the cohort's momentum leader; the risk is that this is the late, highest-beta leg of the rotation and BE gives back the most when the bid rotates back to compute. RSI 65 with no blow-off print yet says the move has room but is no longer early.

Follow-through (2026-07-11): The risk named in the last sentence above materialized — see Editorial Note.

Research Log

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 tape — war-sensitivity.
• Prior-cycle history: this file's dated update log (refreshed each full scan).