Bloom Energy (NYSE:BE) Stock Price Down 1.1% – Here’s Why

Bloom Energy Corporation (NYSE:BE) shares were down 1.1% during trading on Thursday. The company traded as low as $215.12 and last traded at $236.74. Approximately 17,481,312 shares changed hands during trading, an increase of 34% from the average daily volume of 13,021,627 shares. The stock had previously closed at $239.34.

More Bloom Energy News

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

• Positive Sentiment: Robert W. Baird raised its price target for Bloom Energy (BE) to $351 from $310 and maintained an “outperform” rating, signaling substantial potential upside if the company delivers on its AI-power growth opportunity. Benzinga report on Bloom Energy analyst activity
• Positive Sentiment: Truist lifted its price target to $240 from $218, although it retained a “hold” rating. Morgan Stanley also initiated or reiterated a “buy” view, providing additional institutional support. Morgan Stanley gives Bloom Energy a buy rating
• Positive Sentiment: Coverage continues to highlight Bloom’s solid-oxide fuel cells as a potential solution to electricity bottlenecks at AI data centers. The company’s Oracle-related AI-campus opportunity and projected 2026 revenue of $3.9 billion to $4.2 billion support the longer-term growth narrative. Bloom Energy Oracle AI campus coverage
• Neutral Sentiment: Bloom Energy’s $10,000 donations to firefighter and public-safety organizations in Texas and Florida enhance its community profile but are not expected to materially affect financial results or the stock. Bloom Energy supports Central Texas first responders
• Negative Sentiment: The recent AI-power rally is unwinding as investors question whether data-center construction and electricity demand can justify the sector’s valuations. Bloom has risen sharply this year, increasing profit-taking and pullback risk. Barron’s analysis of Bloom Energy’s decline
• Negative Sentiment: Bloom trades at a very demanding valuation, while coverage ahead of earnings says the company may lack the usual indicators associated with a likely earnings beat. Investors are focused on backlog, guidance and whether strong prior revenue growth can continue. Zacks earnings preview for Bloom Energy

Analyst Upgrades and Downgrades

Several research firms have weighed in on BE. Citigroup reiterated a “hold” rating on shares of Bloom Energy in a report on Thursday, July 16th. Robert W. Baird upped their target price on Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. BMO Capital Markets dropped their price target on Bloom Energy from $279.00 to $227.00 and set a “market perform” rating for the company in a research note on Wednesday, July 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.05.

Bloom Energy Stock Performance

The company has a 50-day simple moving average of $249.30 and a two-hundred day simple moving average of $246.10. The company has a debt-to-equity ratio of 1.59, a quick ratio of 3.41 and a current ratio of 4.09. The firm has a market capitalization of $65.27 billion, a P/E ratio of 295.48, a PEG ratio of 3.04 and a beta of 3.77.

Bloom Energy (NYSE:BE) last announced 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 analyst estimates of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%. The business’s revenue was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. As a group, equities analysts forecast that Bloom Energy Corporation will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related news, insider Shawn Soderberg sold 2,895 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $233.60, for a total value of $676,272.00. Following the completion of the transaction, the insider directly owned 129,370 shares in the company, valued at $30,220,832. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Satish Chitoori sold 2,870 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $270.06, for a total transaction of $775,072.20. Following the completion of the transaction, the insider owned 202,494 shares of the company’s stock, valued at approximately $54,685,529.64. The trade was a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,698 shares of company stock valued at $21,780,758 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC boosted its position in shares of Bloom Energy by 20,074.4% in the 1st quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock worth $364,066,000 after purchasing an additional 2,673,710 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Bloom Energy by 6.1% in the 1st quarter. Bank of America Corp DE now owns 2,211,880 shares of the company’s stock worth $299,688,000 after buying an additional 126,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Bloom Energy by 78.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,327,549 shares of the company’s stock valued at $401,849,000 after buying an additional 583,135 shares in the last quarter. Elemental Capital Partners LLC increased its position in Bloom Energy by 2.5% during the 3rd quarter. Elemental Capital Partners LLC now owns 1,039,031 shares of the company’s stock valued at $287,791,000 after buying an additional 25,625 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Bloom Energy during the 2nd quarter valued at approximately $296,413,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.