Bloom Energy (NYSE:BE) Stock Falls 4.8% – What’s Next?

Bloom Energy Corporation (NYSE:BE)’s stock price was down 4.8% on Wednesday. The company traded as low as $276.90 and last traded at $277.2440. 14,598,008 shares were traded during trading, an increase of 12% from the average session volume of 13,022,999 shares. The stock had previously closed at $291.25.

Analysts Set New Price Targets

A number of analysts have issued reports on BE shares. Citigroup reissued a “hold” rating on shares of Bloom Energy in a research note on Thursday, July 16th. BMO Capital Markets decreased their target price on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a research report on Wednesday, July 29th. Jefferies Financial Group lifted their target price on shares of Bloom Energy from $229.00 to $264.00 and gave the stock a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, July 21st. Finally, Robert W. Baird reissued an “outperform” rating and set a $310.00 price target on shares of Bloom Energy in a research note on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and a consensus target price of $257.18.

Bloom Energy Trading Up 0.4%

The firm has a fifty day simple moving average of $235.50 and a two-hundred day simple moving average of $237.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41. The firm has a market capitalization of $81.88 billion, a P/E ratio of 370.66, a price-to-earnings-growth ratio of 3.54 and a beta of 3.76.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.39. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $826.13 million. Bloom Energy had a net margin of 7.87% and a return on equity of 35.45%. The business’s revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities research analysts anticipate that Bloom Energy Corporation will post 2.06 earnings per share for the current fiscal year.

Insider Transactions at Bloom Energy

In related news, insider Satish Chitoori sold 2,870 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total value of $775,072.20. Following the transaction, the insider owned 202,494 shares of the company’s stock, valued at $54,685,529.64. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shawn Soderberg sold 2,870 shares of Bloom Energy stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $270.07, for a total transaction of $775,100.90. Following the sale, the insider owned 126,500 shares of the company’s stock, valued at $34,163,855. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 81,261 shares of company stock valued at $19,442,275. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklands Fund Management Ltd acquired a new position in Bloom Energy during the fourth quarter worth about $347,560,000. Jennison Associates LLC boosted its holdings in shares of Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after acquiring an additional 2,673,710 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Bloom Energy by 6.1% during the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after acquiring an additional 126,649 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Bloom Energy by 63.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,026,245 shares of the company’s stock worth $176,060,000 after buying an additional 783,040 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Bloom Energy by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,948,521 shares of the company’s stock valued at $169,307,000 after acquiring an additional 154,049 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

Bloom Energy Corporation (NYSE: BE) develops and manufactures energy-generation and hydrogen technologies. Its primary product is the Bloom Energy Server, a solid-oxide fuel cell system designed to produce electricity onsite from fuels such as natural gas, biogas and hydrogen. The company’s distributed-generation systems are intended to provide reliable, low-emission power for commercial and industrial facilities, data centers, utilities and other large energy users.

Bloom Energy also produces electrolyzers that use electricity to separate water into hydrogen and oxygen.