Bloom Energy (NYSE:BE) Shares Down 8.7% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE)’s stock price traded down 8.7% during trading on Tuesday . The company traded as low as $261.51 and last traded at $269.3180. Approximately 11,081,310 shares were traded during trading, a decline of 5% from the average daily volume of 11,660,904 shares. The stock had previously closed at $295.05.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BE shares. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays raised their price target on shares of Bloom Energy from $254.00 to $276.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Susquehanna increased their price objective on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Roth Capital lifted their target price on Bloom Energy from $225.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Sanford C. Bernstein started coverage on Bloom Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $276.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average target price of $238.82.

Bloom Energy Stock Performance

The company has a 50-day moving average price of $282.46 and a 200-day moving average price of $193.57. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of $76.60 billion, a price-to-earnings ratio of -5,385.28 and a beta of 3.73.

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

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $279.00, for a total transaction of $9,765,000.00. Following the completion of the sale, the insider directly owned 341,731 shares of the company’s stock, valued at $95,342,949. This trade represents a 9.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary K. Bush sold 25,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $266.96, for a total value of $6,674,000.00. Following the sale, the director directly owned 108,524 shares in the company, valued at $28,971,567.04. This trade represents a 18.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 228,617 shares of company stock worth $59,843,659. 3.00% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently bought and sold shares of BE. Harbor Investment Advisory LLC acquired a new position in shares of Bloom Energy in the second quarter worth about $194,000. Central Pacific Bank Trust Division purchased a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $1,007,000. CoreCap Advisors LLC boosted its stake in Bloom Energy by 151.3% in the 2nd quarter. CoreCap Advisors LLC now owns 5,130 shares of the company’s stock worth $1,553,000 after purchasing an additional 3,089 shares during the period. Neville Rodie & Shaw Inc. grew its position in Bloom Energy by 16.7% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 7,520 shares of the company’s stock worth $2,276,000 after purchasing an additional 1,075 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. lifted its holdings in shares of Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds 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.