Bloom Energy (NYSE:BE) Trading Down 9.5% – Here’s Why

Bloom Energy Corporation (NYSE:BE)’s stock price fell 9.5% on Wednesday . The stock traded as low as $230.61 and last traded at $234.8980. 15,374,086 shares changed hands during trading, an increase of 38% from the average session volume of 11,146,564 shares. The stock had previously closed at $259.61.

Key Bloom Energy News

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

• Positive Sentiment: CEO KR Sridhar reinforced Bloom Energy’s thesis that AI data centers need reliable on-site power, a message that may boost confidence in future demand for the company’s fuel-cell systems. KR Sridhar on the Growing Energy Demands of AI Data Centers
• Positive Sentiment: Bloom Energy is being viewed as a potential beneficiary of the AI power buildout, with investors increasingly focused on companies that can supply localized electricity to data centers. Can the Power Grid Keep Up With AI?
• Positive Sentiment: Bloom Energy was mentioned as a possible future addition to the S&P 500, which can attract index-tracking investors and signal stronger market standing. Bloom Energy, Astera Labs, Alnylam, Reddit Could Be Among Next Adds to S&P 500
• Neutral Sentiment: Bloom Energy continues to receive an average analyst rating of “Moderate Buy,” suggesting steady but not dramatically changed Wall Street sentiment. Bloom Energy Corporation (NYSE:BE) Receives Average Rating of “Moderate Buy” from Analysts

Analysts Set New Price Targets

Several brokerages have weighed in on BE. Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research note on Wednesday, April 29th. Citigroup restated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Roth Mkm set a $225.00 price objective on Bloom Energy in a research note on Wednesday, April 29th. Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective on the stock in a research note on Tuesday, April 14th. Finally, Susquehanna raised their price objective on Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Stock Down 9.5%

The company has a market capitalization of $66.81 billion, a P/E ratio of -4,697.02 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The stock has a 50 day moving average price of $239.05 and a 200 day moving average price of $168.44.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Equities research analysts forecast that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total value of $1,827,339.44. Following the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at approximately $24,039,385.20. The trade was a 7.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Chambers sold 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the completion of the sale, the director owned 238,333 shares in the company, valued at $70,949,350.77. This represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 323,777 shares of company stock worth $71,485,514 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

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