Bloom Energy (NYSE:BE) Shares Down 15.1% – Time to Sell?

Shares of Bloom Energy Corporation (NYSE:BE) traded down 15.1% during trading on Friday . The stock traded as low as $135.11 and last traded at $135.80. 14,665,180 shares were traded during trading, an increase of 21% from the average session volume of 12,094,652 shares. The stock had previously closed at $159.99.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Barclays started coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective on the stock. Robert W. Baird set a $172.00 price objective on shares of Bloom Energy in a research report on Tuesday, January 27th. Wells Fargo & Company boosted their target price on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, Daiwa Securities Group set a $98.00 price target on Bloom Energy in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy currently has an average rating of “Hold” and an average price target of $131.87.

Bloom Energy Price Performance

The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The business’s fifty day moving average price is $140.35 and its 200-day moving average price is $108.05. The stock has a market capitalization of $38.10 billion, a price-to-earnings ratio of -357.37, a PEG ratio of 6.73 and a beta of 3.11.

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

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 25,244 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92. Following the transaction, the insider directly owned 227,048 shares in the company, valued at approximately $40,398,650.64. This trade represents a 10.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the transaction, the chief executive officer directly owned 2,189,869 shares in the company, valued at $372,277,730. This represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 268,788 shares of company stock valued at $45,575,889. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Bloom Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after purchasing an additional 1,240,819 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after buying an additional 269,662 shares in the last quarter. Graticule Asia Macro Advisors LLC purchased a new position in shares of Bloom Energy in the 3rd quarter worth approximately $402,494,000. Brooklands Fund Management Ltd bought a new position in shares of Bloom Energy in the fourth quarter valued at approximately $347,560,000. Finally, Trivest Advisors Ltd grew its holdings in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after acquiring an additional 3,201,000 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Bloom Energy

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.