Bloom Energy (NYSE:BE) Stock Price Down 6.3% – Here’s What Happened

Bloom Energy Corporation (NYSE:BE) shares traded down 6.3% during mid-day trading on Thursday. The company traded as low as $264.50 and last traded at $272.8980. Approximately 15,352,415 shares were traded during mid-day trading, an increase of 18% from the average session volume of 12,988,465 shares. The stock had previously closed at $291.29.

Bloom Energy News Roundup

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

• Positive Sentiment: Bloom Energy’s fuel-cell systems are benefiting from growing demand among AI data centers seeking on-site power generation. Management had discussed this opportunity before the stock’s major rally, which has reflected expectations for a broader power-infrastructure buildout. What Did Bloom Energy Stock Investors Miss Before The Run?
• Positive Sentiment: The company’s second-quarter results showed a sharp improvement, with approximately $196 million in profit versus a loss of about $43 million a year earlier. Bloom also reported strong revenue growth and earnings above consensus in the latest results. Can Bloom Energy Stay Profitable as It Doubles in Size?
• Positive Sentiment: UBS raised its price target for Bloom Energy to $350, signaling that at least one major analyst sees additional upside despite recent selling across fuel-cell and hydrogen stocks. Bloom Energy Tumbles 8% Even as UBS Lifts Its Price Target to $350
• Neutral Sentiment: Executives are scheduled to discuss opportunities created by the AI-infrastructure boom at TechCrunch Disrupt, keeping investor attention focused on potential data-center deployments and power demand. Bloom Energy Executives Discuss AI Infrastructure Opportunities
• Negative Sentiment: Bernstein reiterated a “Market Perform” rating with a $282 price target, indicating limited upside or potential downside from recent levels. The cautious stance follows a sharp prior decline and broader weakness in fuel-cell and hydrogen names. Bernstein Rating on Bloom Energy
• Negative Sentiment: Investors are questioning whether Bloom can remain profitable as it rapidly expands. A $37.4 million tariff refund boosted second-quarter gross margin, making the quality and repeatability of recent earnings a key concern. Can Bloom Energy Stay Profitable as It Doubles in Size?

Wall Street Analysts Forecast Growth

BE has been the subject of a number of research reports. Mizuho upped their target price on shares of Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a report on Monday, September 14th. BMO Capital Markets dropped their price target on shares of Bloom Energy from $279.00 to $227.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 29th. Susquehanna boosted their price objective on shares of Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a research report on Friday, July 10th. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Finally, TD Cowen raised Bloom Energy to a “hold” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.32.

Bloom Energy Stock Up 2.7%

The company has a 50-day moving average price of $247.46 and a 200 day moving average price of $242.47. The firm has a market capitalization of $82.52 billion, a PE ratio of 373.55, a P/E/G ratio of 3.51 and a beta of 3.77. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.09 and a quick ratio of 3.41.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The firm’s revenue was up 165.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. Analysts forecast that Bloom Energy Corporation will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jeffrey R. Immelt sold 30,000 shares of Bloom Energy stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $238.91, for a total value of $7,167,300.00. Following the sale, the director directly owned 201,243 shares of the company’s stock, valued at approximately $48,078,965.13. The trade was a 12.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Maciej Kurzymski sold 2,295 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $268.42, for a total value of $616,023.90. Following the transaction, the chief accounting officer directly owned 77,391 shares of the company’s stock, valued at approximately $20,773,292.22. The trade was a 2.88% 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. Insiders sold a total of 89,698 shares of company stock worth $21,780,758 in the last 90 days. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently bought and sold shares of BE. Blue Trust Inc. raised its position in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Continuum Advisory LLC bought a new stake in Bloom Energy during the second quarter worth approximately $25,000. Anchor Investment Management LLC purchased a new stake in Bloom Energy during the first quarter valued at approximately $27,000. Godsey & Gibb Inc. lifted its stake in shares of Bloom Energy by 2,000.0% in the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. lifted its stake in shares of Bloom Energy by 49.3% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Bloom Energy

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.