BEZ is trading at $7.95, up 9.66%, as Bloom Energy shares sold off ahead of the company’s October 22 Q3 report.
- BEZ seeks 200% inverse daily exposure to Bloom Energy, so weakness in BE can lift the ETF.
- Traders were reducing risk before results amid a demanding sequential comparison and an expected large earnings-related move.
- Broader AI-infrastructure weakness and risk-off market pressure likely added to selling, but Bloom’s pre-earnings decline was the specific driver.