Bloom Energy (NYSE:BE) Trading Down 11.2% – Should You Sell?

Shares of Bloom Energy Corporation (NYSE:BE) were down 11.2% during mid-day trading on Thursday . The stock traded as low as $131.50 and last traded at $133.3810. Approximately 10,894,951 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 11,661,631 shares. The stock had previously closed at $150.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BE shares. TD Cowen increased their price objective on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Evercore reaffirmed an “outperform” rating and issued a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. BMO Capital Markets increased their price target on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Finally, Daiwa Securities Group set a $98.00 price target on Bloom Energy in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.87.

Bloom Energy Stock Down 11.2%

The company has a market capitalization of $37.42 billion, a price-to-earnings ratio of -351.00, a price-to-earnings-growth ratio of 5.95 and a beta of 3.11. The firm’s 50 day moving average price is $152.69 and its two-hundred day moving average price is $118.46. 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 earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period last year, the business posted $0.43 EPS. Bloom Energy’s revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In related news, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction that occurred on 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 directly owned 84,294 shares of the company’s stock, valued at approximately $12,800,043.90. The trade was a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 18,964 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.45, for a total value of $2,928,989.80. Following the completion of the sale, the insider owned 232,365 shares in the company, valued at approximately $35,888,774.25. This trade represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 370,092 shares of company stock valued at $61,365,925. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC acquired a new position in shares of Bloom Energy in the third quarter valued at approximately $553,000. Creekmur Asset Management LLC acquired a new stake in Bloom Energy during the 3rd quarter worth approximately $1,825,000. Udine Wealth Management Inc. lifted its holdings in Bloom Energy by 27.8% during the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after purchasing an additional 13,684 shares during the last quarter. Straight Path Wealth Management bought a new stake in Bloom Energy in the 3rd quarter valued at $1,099,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Bloom Energy in the 3rd quarter valued at $1,985,000. 77.04% of the stock is owned by 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.