Bloom Energy (NYSE:BE) Stock Price Down 7.4% – Here’s Why

Shares of Bloom Energy Corporation (NYSE:BE) were down 7.4% during trading on Tuesday . The company traded as low as $300.31 and last traded at $320.40. Approximately 11,328,141 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 11,134,284 shares. The stock had previously closed at $345.85.

Analyst Ratings Changes

BE has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Bloom Energy to $267.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $335.00 price target on shares of Bloom Energy in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein assumed coverage on shares of Bloom Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $224.36.

Bloom Energy Stock Performance

The firm’s fifty day simple moving average is $272.16 and its 200 day simple moving average is $183.38. The company has a market capitalization of $92.04 billion, a price-to-earnings ratio of -6,577.20 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the sale, the insider directly owned 341,731 shares in the company, valued at approximately $95,342,949. This trade represents a 9.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Chambers sold 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $297.69, for a total transaction of $16,372,950.00. Following the completion of the sale, the director directly owned 238,333 shares of the company’s stock, valued at $70,949,350.77. This trade represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 230,274 shares of company stock valued at $58,696,472 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new stake in Bloom Energy in the 3rd quarter worth approximately $1,825,000. Strs Ohio raised its position in shares of Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after purchasing an additional 8,200 shares during the period. Fortem Financial Group LLC acquired a new stake in shares of Bloom Energy in the fourth quarter worth $369,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bloom Energy in the third quarter worth $1,985,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Bloom Energy during the 3rd quarter worth $1,691,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.