Bloom Energy (NYSE:BE) Shares Down 6.2% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) traded down 6.2% during mid-day trading on Friday. The stock traded as low as $219.17 and last traded at $221.6070. Approximately 13,581,831 shares changed hands during trading, an increase of 4% from the average daily volume of 13,025,386 shares. The stock had previously closed at $236.30.

More Bloom Energy News

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

• Positive Sentiment: Robert W. Baird raised its price target for Bloom Energy (BE) to $351 from $310 and maintained an “outperform” rating, signaling substantial potential upside if the company delivers on its AI-power growth opportunity. Benzinga report on Bloom Energy analyst activity
• Positive Sentiment: Truist lifted its price target to $240 from $218, although it retained a “hold” rating. Morgan Stanley also initiated or reiterated a “buy” view, providing additional institutional support. Morgan Stanley gives Bloom Energy a buy rating
• Positive Sentiment: Coverage continues to highlight Bloom’s solid-oxide fuel cells as a potential solution to electricity bottlenecks at AI data centers. The company’s Oracle-related AI-campus opportunity and projected 2026 revenue of $3.9 billion to $4.2 billion support the longer-term growth narrative. Bloom Energy Oracle AI campus coverage
• Neutral Sentiment: Bloom Energy’s $10,000 donations to firefighter and public-safety organizations in Texas and Florida enhance its community profile but are not expected to materially affect financial results or the stock. Bloom Energy supports Central Texas first responders
• Negative Sentiment: The recent AI-power rally is unwinding as investors question whether data-center construction and electricity demand can justify the sector’s valuations. Bloom has risen sharply this year, increasing profit-taking and pullback risk. Barron’s analysis of Bloom Energy’s decline
• Negative Sentiment: Bloom trades at a very demanding valuation, while coverage ahead of earnings says the company may lack the usual indicators associated with a likely earnings beat. Investors are focused on backlog, guidance and whether strong prior revenue growth can continue. Zacks earnings preview for Bloom Energy

Analyst Ratings Changes

Several equities analysts have recently weighed in on BE shares. Jefferies Financial Group upped their price objective on shares of Bloom Energy from $229.00 to $264.00 and gave the company a “hold” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $346.00 to $314.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. TD Cowen raised Bloom Energy to a “hold” rating in a research report on Monday, October 5th. Finally, Clear Str raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.05.

Bloom Energy Stock Performance

The firm has a market cap of $65.27 billion, a P/E ratio of 295.48, a PEG ratio of 2.85 and a beta of 3.77. The company has a current ratio of 4.09, a quick ratio of 3.41 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average is $249.30 and its two-hundred day moving average is $246.10.

Bloom Energy (NYSE:BE) last released 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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The company’s quarterly revenue was up 165.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John T. Chambers sold 15,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director owned 208,333 shares in the company, valued at approximately $52,083,250. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $7,167,300.00. Following the sale, the director owned 201,243 shares of the company’s stock, valued at $48,078,965.13. This trade represents a 12.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 89,698 shares of company stock valued at $21,780,758. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bloom Energy

Large investors have recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after acquiring an additional 38 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Bloom Energy by 13.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after acquiring an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after purchasing an additional 46 shares during the last quarter. Finally, Truefg LLC raised its holdings in shares of Bloom Energy by 2.4% in the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after purchasing an additional 48 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.