Bloom Energy (NYSE:BE) Stock Price Down 6.3% on Insider Selling

Bloom Energy Corporation (NYSE:BE) dropped 6.3% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $257.51 and last traded at $271.1280. Approximately 15,686,548 shares were traded during trading, an increase of 34% from the average daily volume of 11,675,108 shares. The stock had previously closed at $289.50.

Specifically, insider Aman Joshi sold 8,343 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $300.37, for a total value of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares of the company’s stock, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

BE has been the topic of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. UBS Group raised their price target on Bloom Energy from $322.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore reiterated an “outperform” rating and issued a $350.00 price target on shares of Bloom Energy in a research report on Wednesday. Robert W. Baird boosted their price objective on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $236.14.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: Brookfield expanded its AI power-financing partnership with Bloom Energy to $25 billion, strengthening Bloom’s growth story and potential fuel-cell deployments for data centers. Shorting the Grid: Bloom Energy’s $25B AI Power Play
• Positive Sentiment: Multiple reports highlighted Bloom Energy as a leading beneficiary of AI-related power demand, reinforcing investor confidence in the company’s long-term opportunity. Bloom Energy’s $25B partnership targets AI’s next bottleneck
• Neutral Sentiment: Insider Aman Joshi sold 8,343 shares, which may add modest caution but does not by itself signal a change in Bloom Energy’s fundamentals. Bloom Energy Insider Aman Joshi Sells 8,343 Shares
• Negative Sentiment: Bloom Energy saw a recent pullback after a strong rally, reflecting some profit-taking and valuation concerns among investors. Bloom Energy Stock Moves -6.43%: What You Should Know
• Negative Sentiment: Some analysts and commentators warned the stock may already be priced for near-perfect execution, which could limit upside if growth slows or deals take longer to convert into revenue.

Bloom Energy Price Performance

The stock has a market capitalization of $77.12 billion, a PE ratio of -5,421.48 and a beta of 3.73. The business’s 50-day moving average price is $281.32 and its 200 day moving average price is $191.39. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to the consensus estimate of $539.94 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. Research analysts forecast that Bloom Energy Corporation will post 1.34 earnings per share for the current year.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd bought a new position in shares of Bloom Energy during the 1st quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new position in shares of Bloom Energy during the 1st quarter valued at about $1,820,000. NewEdge Advisors LLC lifted its position in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $49,127,000 after buying an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.