Bloom Energy (NYSE:BE) Shares Down 10.8% – Should You Sell?

Bloom Energy Corporation (NYSE:BE) shares dropped 10.8% during trading on Thursday . The company traded as low as $136.60 and last traded at $138.79. Approximately 13,220,815 shares traded hands during trading, an increase of 1% from the average daily volume of 13,087,955 shares. The stock had previously closed at $155.54.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group set a $102.00 target price on Bloom Energy in a research report on Tuesday. TD Cowen lifted their price objective on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Evercore ISI set a $179.00 target price on shares of Bloom Energy and gave the company an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a report on Tuesday, January 27th. Finally, Barclays began coverage on Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $132.61.

Bloom Energy Trading Up 0.5%

The firm’s 50 day moving average is $122.35 and its 200 day moving average is $96.45. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 2.88. The company has a market cap of $33.04 billion, a PE ratio of -367.63, a PEG ratio of 5.75 and a beta of 3.07.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, equities analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,583 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $105.97, for a total transaction of $167,750.51. Following the completion of the transaction, the insider owned 221,633 shares of the company’s stock, valued at approximately $23,486,449.01. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the sale, the insider owned 90,005 shares of the company’s stock, valued at approximately $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,278 shares of company stock valued at $488,001 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Graticule Asia Macro Advisors LLC purchased a new position in shares of Bloom Energy in the 3rd quarter worth about $402,494,000. Trivest Advisors Ltd boosted its stake in Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after buying an additional 3,201,000 shares in the last quarter. Norges Bank bought a new position in Bloom Energy during the fourth quarter valued at approximately $239,683,000. Westfield Capital Management Co. LP purchased a new position in shares of Bloom Energy during the third quarter worth approximately $141,679,000. Finally, Man Group plc lifted its holdings in shares of Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares during the last quarter. 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.