Bloom Energy (NYSE:BE) Shares Down 8.9% – What’s Next?

Bloom Energy Corporation (NYSE:BE) shares traded down 8.9% during mid-day trading on Monday. The stock traded as low as $259.46 and last traded at $262.8880. Approximately 15,476,793 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 12,957,588 shares. The stock had previously closed at $288.70.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $335 price target, implying substantial upside from recent trading levels. TickerReport article
• Positive Sentiment: Coverage highlighted Bloom Energy as a potential beneficiary of rising electricity demand from artificial-intelligence data centers. Reports point to new data-center power orders, strong revenue growth and improving profitability as key reasons for the stock’s dramatic longer-term gains. Philadelphia Inquirer article
• Positive Sentiment: Market commentary identified Bloom Energy as an AI-infrastructure opportunity with potential catalysts ahead of third-quarter earnings, while Zacks included BE among stocks receiving favorable attention. MarketBeat article
• Neutral Sentiment: Bloom Energy announced a jersey-patch sponsorship with the Philadelphia 76ers. The deal may increase brand visibility, but its direct effect on revenue and near-term valuation is unclear. Sports Business Journal article
• Negative Sentiment: Fuel-cell stocks are cooling after a steep run, creating broader sector profit-taking and technical pressure on BE. The stock’s elevated valuation makes it particularly sensitive to a reversal in momentum. 247WallSt article
• Negative Sentiment: Multiple law firms publicized a securities class-action lawsuit and the deadline for investors to seek lead-plaintiff status. The allegations could weigh on sentiment and create potential legal and reputational risks, though they have not been proven. GlobeNewswire article

Wall Street Analysts Forecast Growth

BE has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. BMO Capital Markets decreased their target price on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a report on Wednesday, July 29th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, July 29th. Clear Str upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.14.

Bloom Energy Trading Down 8.9%

The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a market cap of $77.43 billion, a PE ratio of 350.52, a price-to-earnings-growth ratio of 3.69 and a beta of 3.80. The stock has a 50-day simple moving average of $230.54 and a two-hundred day simple moving average of $234.21.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.39. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $826.13 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 165.5% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 2.06 EPS for the current year.

Insiders Place Their Bets

In other Bloom Energy news, Director Jeffrey Immelt sold 30,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $238.91, for a total transaction of $7,167,300.00. Following the completion of the sale, the director directly owned 201,243 shares in the company, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the transaction, the chief accounting officer directly owned 77,391 shares in the company, valued at $20,773,292.22. The trade was a 2.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 89,604 shares of company stock worth $21,948,262 in the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

A number of hedge funds have recently bought and sold shares of BE. MJT & Associates Financial Advisory Group Inc. raised its stake in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after buying an additional 37 shares during the period. Compound Planning Inc. grew its stake in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after acquiring an additional 38 shares during the period. Carolina Wealth Advisors LLC raised its stake in Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares during the period. Blue Trust Inc. lifted its holdings in Bloom Energy by 37.2% during the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Finally, Odyssean LLC lifted its holdings in Bloom Energy by 1.8% during the second quarter. Odyssean LLC now owns 2,926 shares of the company’s stock valued at $886,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures solid oxide fuel cell systems that generate electricity through an electrochemical process. Its primary product, the Bloom Energy Server, is designed to provide on-site, distributed power for commercial and industrial customers, data centers, utilities, and other organizations seeking reliable electricity with lower emissions than conventional fossil-fuel generation.

The company also offers the Bloom Electrolyzer, which uses solid oxide technology to produce hydrogen from electricity and water.