Bloom Energy (NYSE:BE) Trading Down 2.2% – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares dropped 2.2% during trading on Wednesday . The company traded as low as $132.14 and last traded at $132.4830. Approximately 10,915,140 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 11,624,898 shares. The stock had previously closed at $135.49.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BE shares. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Roth Mkm raised their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Evercore reaffirmed an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a report on Friday, February 6th. Wall Street Zen cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average price target of $131.65.

Bloom Energy Stock Down 2.2%

The company has a market cap of $37.17 billion, a price-to-earnings ratio of -348.64, a PEG ratio of 4.88 and a beta of 3.11. The business has a fifty day moving average of $151.34 and a two-hundred day moving average of $120.81. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The company had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Transactions at Bloom Energy

In other news, insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the sale, the insider owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Maciej Kurzymski sold 7,800 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the transaction, the insider owned 84,294 shares of the company’s stock, valued at approximately $12,800,043.90. This trade represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 370,092 shares of company stock worth $61,365,925 in the last ninety days. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Several large investors have recently bought and sold shares of BE. Meridian Wealth Management LLC purchased a new stake in shares of Bloom Energy during the third quarter worth $553,000. Creekmur Asset Management LLC purchased a new position in shares of Bloom Energy in the third quarter worth about $1,825,000. Udine Wealth Management Inc. lifted its stake in shares of Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after buying an additional 13,684 shares in the last quarter. Straight Path Wealth Management acquired a new position in Bloom Energy during the third quarter worth about $1,099,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Bloom Energy during the third quarter worth about $1,985,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.