BEZ is trading 3.28% up in pre-market as Bloom Energy’s recent rally appears to be losing momentum following profit-taking and reported insider selling.

  • Five Bloom insiders sold $13,220,323.67 of stock between August 13 and August 17, including a director’s $7,167,300 sale.
  • Broader futures are mostly subdued ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech and the 10 a.m. economic release; Nasdaq futures are down 0.31%.
  • Bloom’s reversal, rather than broad market weakness, is the clearest driver of BEZ’s pre-market gain.