Bloom Energy (NYSE:BE) Shares Down 8% – Time to Sell?

Bloom Energy Corporation (NYSE:BE) shares traded down 8% during mid-day trading on Monday . The stock traded as low as $195.09 and last traded at $197.80. 17,135,854 shares traded hands during trading, an increase of 45% from the average daily volume of 11,819,713 shares. The stock had previously closed at $214.96.

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: JPMorgan raised its price target on Bloom Energy from $267 to $346 and kept an Overweight rating, citing a strong long-term delivery pipeline and forecasting about 4.1 gigawatts of product deliveries through fiscal 2030. Benzinga report on JPMorgan price target hike
• Positive Sentiment: Investors also reacted to reports that Bloom Energy secured a $1.7 billion AI data center deal, boosting confidence that its systems could benefit from rising power demand tied to AI infrastructure. Bloom Energy Soars 15% on $1.7 Billion AI Data Center Deal
• Positive Sentiment: Another market write-up highlighted that analysts see substantial upside in the fuel-cell stock ahead of Bloom Energy’s upcoming quarterly earnings report, adding to the momentum behind the shares. Why Bloom Energy Stock Jumped Over 10% Today
• Neutral Sentiment: Broader market conditions were also supportive, with U.S. futures firmer as inflation data eased rate worries, though this was not specific to Bloom Energy. US Stock Market Today article
• Neutral Sentiment: Older commentary framed Bloom Energy as a long-term AI infrastructure and energy supplier idea, but it appears secondary to the immediate catalyst of the JPMorgan upgrade and AI deal news.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. BTIG Research lifted their target price on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Sanford C. Bernstein began coverage on Bloom Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and an average target price of $254.00.

Bloom Energy Stock Performance

The firm’s 50 day simple moving average is $275.55 and its 200 day simple moving average is $204.98. The firm has a market capitalization of $62.99 billion, a price-to-earnings ratio of -4,431.27 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Sell-side analysts forecast that Bloom Energy Corporation will post 1.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In other news, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the completion of the transaction, the director owned 108,524 shares of the company’s stock, valued at $28,971,567.04. The trade was a 18.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares in the company, valued at $70,949,350.77. The trade was a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 153,617 shares of company stock worth $44,003,909. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors have recently made changes to their positions in BE. Geode Capital Management LLC grew its position in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock valued at $461,272,000 after buying an additional 269,662 shares during the period. Brooklands Fund Management Ltd purchased a new stake in shares of Bloom Energy during the 4th quarter worth about $347,560,000. Amundi grew its position in shares of Bloom Energy by 390.7% during the 4th quarter. Amundi now owns 3,154,197 shares of the company’s stock valued at $274,068,000 after acquiring an additional 2,511,426 shares during the period. Norges Bank acquired a new stake in shares of Bloom Energy during the 4th quarter valued at about $239,683,000. Finally, Jennison Associates LLC increased its stake in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after purchasing an additional 2,673,710 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

About Bloom Energy

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.