Bloom Energy (NYSE:BE) Trading Down 16.6% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares traded down 16.6% during mid-day trading on Friday . The company traded as low as $247.74 and last traded at $257.8010. Approximately 56,931,796 shares traded hands during trading, an increase of 396% from the average daily volume of 11,488,252 shares. The stock had previously closed at $309.18.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy continues to be viewed as a key beneficiary of rising AI data center power demand, with articles highlighting it as a solution to one of AI’s biggest infrastructure constraints. This Energy Stock Is Helping Solve AI’s Biggest Constraint
• Positive Sentiment: Bloom Energy has been described as a hot AI infrastructure stock that has surged sharply over the last year, showing strong investor enthusiasm for its fuel cell systems. This AI Infrastructure Stock Is Up 14X in the Last Year (Hint: It’s Not Micron)
• Neutral Sentiment: Bloom Energy remains a stock market favorite in broader coverage, but the headline does not add a clear new operational catalyst for the company. Bloom Energy
• Neutral Sentiment: Analysts and commentators are debating whether Bloom Energy is still a buy, with the main concern being that the stock now trades at a rich valuation after its rally. Is Bloom Energy a Buy Now?
• Negative Sentiment: Bloom Energy shares are under pressure as traders lock in gains after the recent surge to new highs, suggesting the move may be overextended in the short term. Bloom Energy Shares Are Sliding Friday: What’s Going On?
• Negative Sentiment: Market commentary notes a sharp reversal in fuel cell stocks, with Bloom Energy singled out as falling while peers diverged, reinforcing the profit-taking narrative. FuelCell Energy Rockets 24%, Bloom Energy Tumbles 14% in a Stunning Fuel Cell Divergence
• Negative Sentiment: Another report described a profit-taking reversal across fuel cell names, indicating that some of the recent enthusiasm in the sector is fading. FuelCell Energy Drops 10%, Bloom Energy Falls 7% in a Profit-Taking Reversal as Plug Power Edges Up

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BE shares. Barclays upped their target price on Bloom Energy from $254.00 to $276.00 and gave the company an “equal weight” rating in a research note on Tuesday. Mizuho set a $285.00 price target on shares of Bloom Energy in a report on Friday, May 1st. Susquehanna increased their price objective on shares of Bloom Energy to $293.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Bloom Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $276.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and an average target price of $224.36.

Bloom Energy Price Performance

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 firm has a market cap of $73.33 billion, a P/E ratio of -5,154.99 and a beta of 3.73. The company has a 50-day moving average of $274.84 and a 200 day moving average of $185.22.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Bloom Energy’s quarterly revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, sell-side analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Insider Activity at Bloom Energy

In other news, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the sale, the insider owned 180,521 shares of the company’s stock, valued at approximately $24,529,193.48. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mary K. Bush sold 25,000 shares of Bloom Energy stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $266.96, for a total transaction of $6,674,000.00. Following the transaction, the director directly owned 108,524 shares of the company’s stock, valued at $28,971,567.04. This represents a 18.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 230,274 shares of company stock valued at $58,696,472. Insiders own 3.00% of the company’s stock.

Institutional Trading of Bloom Energy

Several hedge funds have recently modified their holdings of the company. Creekmur Asset Management LLC acquired a new position in Bloom Energy in the third quarter worth $1,825,000. Strs Ohio increased its stake in shares of Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after buying an additional 8,200 shares in the last quarter. Fortem Financial Group LLC acquired a new stake in shares of Bloom Energy in the fourth quarter valued at $369,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Bloom Energy in the third quarter valued at about $1,985,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Bloom Energy in the third quarter valued at about $1,691,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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.