Bloom Energy (NYSE:BE) Shares Down 2.2% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) dropped 2.2% during trading on Wednesday . The stock traded as low as $132.14 and last traded at $132.4830. Approximately 10,915,140 shares were traded during trading, a decline of 6% from the average daily volume of 11,624,898 shares. The stock had previously closed at $135.49.

Analyst Ratings Changes

Several brokerages have recently commented on BE. Mizuho increased their price objective on Bloom Energy to $110.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial set a $68.00 target price on Bloom Energy in a research report on Friday, January 9th. Roth Mkm increased their price target on Bloom Energy to $133.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.65.

Bloom Energy Trading Down 2.2%

The stock’s fifty day simple moving average is $151.34 and its 200-day simple moving average is $120.81. The firm has a market cap of $37.17 billion, a PE ratio of -348.64, a PEG ratio of 4.88 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, sell-side analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Maciej Kurzymski sold 7,800 shares of Bloom Energy stock in a transaction dated 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 completion of the sale, the insider owned 84,294 shares of the company’s stock, valued at $12,800,043.90. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Satish Chitoori sold 18,964 shares of the company’s stock in a transaction that occurred 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 represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 370,092 shares of company stock valued at $61,365,925. Insiders own 3.50% of the company’s stock.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently bought and sold shares of BE. WPG Advisers LLC increased its stake in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Hantz Financial Services Inc. boosted its holdings in Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Bloom Energy in the fourth quarter valued at $28,000. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy during the 3rd quarter worth about $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy during the 3rd quarter worth about $32,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

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.