Bloom Energy (NYSE:BE) Stock Falls 1.5% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s share price dropped 1.5% during mid-day trading on Wednesday. The company traded as low as $284.54 and last traded at $291.3490. 10,897,785 shares traded hands during trading, a decline of 16% from the average daily volume of 12,976,128 shares. The stock had previously closed at $295.78.

Analyst Ratings Changes

Several analysts have recently weighed in on BE shares. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. Truist Financial reduced their price target on shares of Bloom Energy from $250.00 to $218.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets decreased their price target on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company 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, JPMorgan Chase & Co. cut their price objective on shares of Bloom Energy from $346.00 to $314.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $258.32.

Bloom Energy Price Performance

The firm has a market cap of $82.02 billion, a price-to-earnings ratio of 371.36, a P/E/G ratio of 3.75 and a beta of 3.77. 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 business has a 50 day simple moving average of $245.97 and a 200-day simple moving average of $242.20.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.39 by $0.39. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’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. Equities research analysts expect that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Soderberg sold 2,870 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $270.07, for a total value of $775,100.90. Following the completion of the sale, the insider owned 126,500 shares in the company, valued at $34,163,855. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jeffrey R. Immelt sold 30,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was 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 owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 in the last three months. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BE. Wedmont Private Capital purchased a new position in Bloom Energy during the third quarter worth about $772,000. Cadent Capital Advisors LLC increased its stake in Bloom Energy by 18.7% in the 3rd quarter. Cadent Capital Advisors LLC now owns 8,691 shares of the company’s stock valued at $2,407,000 after buying an additional 1,371 shares during the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of Bloom Energy by 172.1% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 721 shares of the company’s stock worth $200,000 after buying an additional 456 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Bloom Energy by 89.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $1,569,000 after buying an additional 2,675 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of Bloom Energy in the 3rd quarter worth approximately $273,000. 77.04% of the stock is owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.