Bloom Energy (NYSE:BE) Stock Price Down 10.3% on Analyst Downgrade

Bloom Energy Corporation (NYSE:BE) dropped 10.3% during mid-day trading on Monday after Jefferies Financial Group lowered their price target on the stock to $97.00. Jefferies Financial Group currently has an underperform rating on the stock. Bloom Energy traded as low as $116.51 and last traded at $119.4770. Approximately 13,123,313 shares traded hands during trading, an increase of 13% from the average daily volume of 11,616,533 shares. The stock had previously closed at $133.24.

Other analysts have also recently issued reports about the company. Evercore reissued an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. BTIG Research increased their price objective on Bloom Energy to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Daiwa Securities Group set a $98.00 target price on Bloom Energy in a report on Tuesday, December 2nd. Mizuho boosted their target price on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $131.65.

Insiders Place Their Bets

In other Bloom Energy news, insider Satish Chitoori sold 18,964 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the sale, the insider directly owned 232,365 shares in the company, valued at approximately $35,888,774.25. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the completion of the sale, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This trade represents a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 370,092 shares of company stock worth $61,365,925. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently made changes to their positions in BE. Bayforest Capital Ltd purchased a new position in Bloom Energy during the 1st quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new stake in shares of Bloom Energy in the first quarter valued at about $1,820,000. NewEdge Advisors LLC grew its position in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $33.52 billion, a PE ratio of -314.41, a PEG ratio of 5.44 and a beta of 3.11. The stock’s 50 day moving average price is $152.26 and its two-hundred day moving average price is $119.96.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.Bloom Energy’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

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.